Daily Gold Update

Source: Marketwatch

New York— Gold futures rose for a fourth straight session Thursday, benefiting from more central bank decisions to keep rates at historically low levels, but closed below the $1,090 mark as the dollar gained against some rivals. Gold for December delivery, the most active futures contract, ended the floor session up $2, or 0.2%, at $1,089.3 an ounce. It finished off the session's highs of $1,095.2 an ounce, however, and lower than the $1,098.50 level reached late Wednesday, as the dollar gained against some trading partners in volatile trading.

"The dollar chop today as well as a generally light trade is halting the moves in gold," said Zachary Oxman, managing director at commodities trading firm TrendMax Futures in Rancho Santa Fe, Calif., in an email interview. The more thinly traded November contract also closed under $1,090, gaining $2, or 0.2%, to $1,088.7 an ounce. December copper lost 4 cents, or 1.2%, $2.957 a pound. See full story.