Daily Gold Update

Source: MarketWatch

New York— Gold futures fell Thursday for a fourth straight session to end just above $940 an ounce as higher crude prices reduced the metal's investment appeal. Gold for April delivery lost $23.60, or 2.4%, to close at $942.60 an ounce on the Comex division of the New York Mercantile Exchange. It fell as low as $932.20 earlier. Prices have tumbled $60 since they topped $1,000 Friday.

Also moving gold prices, the dollar index, which tracks the value of the greenback against its major rivals, rose near 88 earlier in the session. It erased gains in recent trading, down slightly to 87.581. A rising dollar often puts downward pressures on dollar-denominated gold prices. In energy trading, crude oil rose to its highest level in one month after data showed U.S. gasoline inventories fell. See full story.