Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures closed higher Wednesday to reclaim the $675-an-ounce level as investors monitored mixed trading in the U.S. dollar as well as strength in the broader financial markets.

The dollar fell against both the euro and pound, though it rose a bit vs. the yen. And U.S. stocks posted strong gains as traders fished for bargains following the steep decline in the previous session. Against this backdrop, gold for December delivery climbed $1.90 to close at $675.40 an ounce on the New York Mercantile Exchange. See full story.