Daily Gold Update

Source: Marketwatch

London— Gold futures climbed Tuesday in electronic trading, building on the more than $8-an-ounce gain it scored in the previous session, as overall weakness in the U.S. dollar and strong oil prices combined to keep prices at their highest levels since 1980.

Gold has the "the same drivers of weak dollar [and] high oil — in addition, physical demand is good and investors continue to increase their holding through the" exchange-traded funds, said James Moore, an analyst at TheBullionDesk.com. Gold prices may climb as high as $772 before the market consolidates, he said in e-mailed comments. See full story.