Daily Gold Update

Source: Marketwatch

New York— Gold futures ended slightly higher on Monday, though declining crude prices and firmness in the U.S. dollar capped investment demand for the precious metal. Gold for February delivery gained $1.30 to end at $799.30 an ounce on the New York Mercantile Exchange. Earlier, gold hit an intraday low of $792.50 an ounce.

"Gold's attempts at a meaningful rally were thwarted by a combination of a rising U.S. dollar and falling crude oil," wrote Jon Nadler, an analyst at Kitco Bullion Dealers, in a research note. "Signs that risk aversion continues to be the year's closing theme among global investors contributed to the selling in metals, but so did the fact that we are running out of trading days and players are getting their logbooks in order," Nadler said. See full story.