Daily Gold Update

Source: MarketWatch

New York— Gold futures advanced further on Friday, boosted by continued weakness in the dollar and crude oil prices, which briefly touched $90 a barrel overnight. In recent action, gold for December delivery was up $1.50 at $770.20 an ounce, after earlier rising as high as $776.90 in electronic trading.

The dollar index, which tracks the U.S. currency against a basket of major rivals, was down 0.1% at 77.55, with traders taking positions ahead of the meeting of Group of Seven finance ministers this evening. The dollar on Thursday sank to a new record low against the euro. Gold, as a dollar-denominated commodity, benefits from dollar weakness. See full story.