Gold News & Info

Source: Marketwatch

New York— Gold futures rose Thursday, as weakness in the dollar and rallying crude-oil prices boosted demand for the precious metal. Gold for December delivery gained $5.50 at $771.10 an ounce on the New York Mercantile Exchange.

"Investors loaded up on gold as an inflation and geopolitical hedge, but were also exhibiting a markedly higher degree of confidence in the probability of a Fed rate cut next week, in the wake of poor existing home sales data as well as the Merrill Lynch losses reported yesterday," said Jon Nadler, a senior analyst at Kitco Bullion Dealers, in a research note. See full story.