Weak US Dollar Boosts Gold Futures

MarketWatch reported that weakness in US currency caused an increase in gold futures, in some cases up to 21%.

As quoted in the market news:

Gold for delivery in February climbed by $17.70, or 1.1%, to $1,614.40 an ounce on the Comex division of the New York Mercantile Exchange after touching a high of $1,617.90.

Click here to read the full MarketWatch report.