Daily Gold Update

Source: Marketwatch

New York— Gold futures ended higher for the first day in the past four on Thursday, after being in negative territory, as revived concerns about Greece's ability to address its financing problems boosted the U.S. dollar versus the euro. The greenback gave back some of those gains as the day wore on, helping gold turn higher as an alternative investment. Gold for April delivery ended $11.30 higher, or 0.01%, at $1,108.50 an ounce. The contract declined as low as $1,088.50 earlier in U.S. trading, the weakest since Feb. 10.

On Monday, benchmark gold closed at $1,122.10 an ounce, the highest since Jan. 19. Analysts also said buyers may have come in after the precious metal fell so quickly in recent days. "We expect dips to continue to draw investment support on inflation or deflation concerns and Greek downgrade or default worries, with gold holding in a broad band between $1,074 and $1,130," said analysts at Bullion Desk. See full story.