Daily Gold Update

Source: MarketWatch

San Francisco— Gold futures rose more than $8 an ounce Monday to close near their highest level in almost two weeks as terrorism concerns and a weaker U.S. dollar helped boost the metal's appeal as an investment hedge.

Gold's benchmark August contract gained 1.3%, or $8.30, to finish at $659.20 an ounce on the New York Mercantile Exchange, its strongest closing level since June 20. Gold futures gained 50 cents an ounce on Friday but finished last month with a loss of 2.4%. See full story.