Daily Gold Update

Source: Marketwatch

New York— Gold futures ended Thursday's trading marginally higher, as the U.S. dollar came slightly off its highs, helping offset renewed economic concerns in the U.S. and in China. Gold for December delivery, the most actively traded contract, rose 70 cents to end at $1,141.90 an ounce. The thinly traded November contract also gained 70 cents to $1,141.40 an ounce. Both contracts have risen more than 9% so far this month.

In currencies trading, the dollar rebounded against most of its rivals, with the dollar index up 0.2% at 75.298. The U.S. unit's rebound put commodities under pressure, and had also pushed gold futures lower. But as the greenback reduced its gains in afternoon trading, gold turned slightly higher. Among the latest U.S. data weighing on stocks and lifting the dollar, jobless claims rose slightly more than expected last week, and an index of leading economic indicators rose at a smaller-than-expected pace and foreclosures rose to a record. See full story.