Gold News & Info

Source: Marketwatch

New York— Gold reversed early losses on Tuesday, with the dollar turning lower ahead of the minutes of the Federal Reserve's September 18 meeting, and with crude oil bouncing back towards $80 a barrel. Gold for December delivery was up $5.60 at $744.30 an ounce. Gold, which denominated in dollars, becomes cheaper when the U.S. currency falls.

According to Julian Phillips, analyst at Gold Forecaster, gold seemed poised to continue falling as the dollar strengthened and oil prices fell. "But gold would have none of it," he wrote in a note. The precious metal has found support, "while the dollar has turned down again unable to break up through 79 on the dollar index." See full story.