Gold futures notch back-to-back gain on dollar weakness

/ / News

Gold futures climbed Thursday to post back-to-back gains, finding some support as the dollar weakened and the Dow Jones Industrial Average declined. Prices, however, remained lower for the week, as the 10-year U.S. Treasury note yield touched its highest level since July 6. December gold rose $21.40, or 1.1%, to settle at $1,970.40 an ounce, after edging up by 0.1% Wednesday but suffering a drop of 4.6% Tuesday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.