Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures closed higher Wednesday to recoup part of the almost $4-an-ounce loss they suffered in the previous session, with dollar weakness against the euro and strength in oil prices helping to boost the metal's investment demand.

"Despite a marked increase in central-bank sales and overwhelming bearishness among gold forecasters, the secular bull market in gold remains intact," said Peter Grandich, editor of the Grandich Letter. Read more…