Daily Gold Update

Source: MarketWatch

New York— Gold futures fell Tuesday for the first session in four, dropping back from a four-month high as a strengthening dollar and lower crude prices lessened traders' appetite for the metal. Gold for February delivery ended down $9.30, or 1%, at $899.50 an ounce on the Comex division of the New York Mercantile Exchange, giving up the $900 mark. Gold closed at $908.80 an ounce in the previous session, the loftiest since Sept. 22.

Further out, the next threshold for gold is the $930 mark, said Mark O'Byrne, executive director at Gold & Silver Investments. "A daily or weekly close above that level would likely lead to gold retesting the psychologically important mark of $1,000 an ounce again," he told clients in emailed comments. See full story.