Gold News & Info

Source: Marketwatch

New York— Gold futures ended Tuesday's trading almost unchanged, falling less than a fraction of 1% from the one-month low hit in the previous session, as a stronger dollar limited gold's appeal as an alternative investment. Gold for February delivery ended down 30 cents at $820.70 an ounce on the Comex division of the New York Mercantile Exchange. It closed Monday at $821, the lowest price seen since Dec. 12.

The euro extended its losses against the greenback on growing expectations that the European Central Bank will cut interest rates later this week. The greenback is also higher against the British pound. See Currencies. In other commodities Tuesday, crude futures erased earlier gains, turning lower as worries over falling oil demand outweighed news that Saudi Arabia will cut production by more than the target set by the OPEC cartel in December. See full story.