Daily Gold Update

Source: MarketWatch

San Francisco— Gold futures fell on Wednesday, as traders took profits from a four-session winning streak that added more than $30 to the metal's price. However, gold finished off its worst levels of the session, finding support from dollar weakness, strong oil prices and safe-haven demand, while analysts touted the likelihood of strengthening in the metal's price in the weeks to come.

Crude futures topped $80 for the first time Wednesday in New York, after news of another decline in inventories, and despite a decision Tuesday by key oil producers to boost production starting Nov. 1. See full story.