Daily Gold Update

Source: Marketwatch

New York— Gold futures ended slightly higher Friday as the dollar fell against most of its major rivals, raising the precious metals' investment appeal. The fractional gains notwithstanding, the precious metal ended the week down for the third week, the longest losing streak in two months.

On the Comex division of the New York Mercantile Exchange, August gold rose $1.60, or 0.2%, to end at $936.20 an ounce. The June contract also ended slightly higher at $935.60. Gold lost 0.5% this week. The third weekly loss put the losing streak the longest since the week ended April 17. Gold "is likely to find further scaled-down support as investor dip-buying continues," said James Moore, a precious metals analyst at TheBullionDesk.com. See full story.