Daily Gold Update

Source: Marketwatch

New York— Gold futures ended slightly higher Thursday, while platinum surged after hitting another record high of $2,030.60 an ounce earlier in the session. Gold for April delivery gained 60 cents to end at $910.80 an ounce on the New York Mercantile Exchange. April platinum surged $22.20 to end at $2,005.90 an ounce, after earlier hitting a record high of $2,030.60.

Gold was well-supported "with the dollar weaker and oil again higher," said Mark O'Byrne, executive director at Gold and Silver Investments Ltd., in a research note. "In the medium to long term, the combination of strong international safe-haven demand and decreasing production of and supply of gold in most major producers and particularly in South Africa will likely result in gold going significantly higher in the coming months," O'Byrne said. See full story.