Daily Gold Update

Source: MarketWatch

New York— Gold futures finished marginally lower Wednesday, coming under pressure after the dollar rose against other major currencies. Gold for December delivery ended down 60 cents at $735.70 an ounce on the New York Mercantile Exchange.

"The short-term direction for gold is likely to depend heavily on the dollar, with the yellow metal still looking quite vulnerable to further profit-taking," said James Moore, metals analyst at TheBullionDesk.com. "The longer-term outlook for gold is still extremely positive, though, and the market will continue to benefit from investor inflows as investors factor some form of safe-haven protection into their portfolios," Moore said in a research note. See full story.