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Weak Dollar Boosts Gold
Updated from 12:40 p.m. EST
Gold futures rallied Tuesday on a weaker dollar and renewed buying interest from hedge funds.
April-dated bullion contracts added $2.60 to close at $658.70 an ounce on the Comex division of the Nymex. The PowerShares DB Gold(DGL Quote) exchange-traded fund, which tracks the futures market, was also moving higher, up 0.7%.
The bullion ETFs, iShares Comex Gold Trust (IAU Quote) and streetTracks Gold Shares (GLD Quote), were gaining too, each recently ahead by 0.7%. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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|
-1.48%
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-1.72%
|
-1.73%
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-1.46%
|
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