Daily Gold Update

Source: MarketWatch

New York— Gold futures closed higher Wednesday, boosted by a small decline in the dollar against some major currencies. Gold for December delivery closed up $4 at $686.30 an ounce on the New York Mercantile Exchange.

"Gold is looking at a strong technical push to the upside now," said Zachary Oxman, senior trader at Wisdom Financial. "The corrections that we've seen over the past few days have been light in terms of price and volume, and traders have seen that uncommitted move to the downside and bid the market strongly higher," Oxman said. See full story.