Daily Gold Update

Source: Marketwatch

New York— Gold futures declined Thursday, as strength in the U.S. dollar continued to lower investment demand for the precious metal. Gold for February delivery slipped $7.20 to $798.20 an ounce on the New York Mercantile Exchange.

"For now, we expect dips to remain supported as investors continue to factor some safe-haven protection into their portfolios," said James Moore, an analyst at TheBullionDesk.com. "However, year-end long liquidation is again likely to be a feature over the next two weeks," Moore said in a research note. He pegged the metal's resistance at a range of $805 to $812 an ounce. See full story.