Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures pared their gains Tuesday afternoon, finding support from some weakness in the U.S. dollar, but were pressured by a steep drop in oil prices.

Gold for June delivery was last up $1.30 at $656.60 an ounce on the New York Mercantile Exchange, retreating from an earlier high of $661.90. The contract climbed $2 on Friday, but still lost $6.70 last week. See full story.