SYDNEY (MarketWatch) -- Gold futures moved higher in electronic trading Friday, amid a weaker dollar and gains for most other metals. Gold futures for December delivery GC1Z +0.35% rose $8.40, or 0.5%, to $1,767.90 an ounce on the Comex division the New York Mercantile Exchange during Asian trading hours. The dollar index DXY -0.20% , which measures the U.S. unit against a basket of six major currencies, fell to 77.543, from 77.660 in North American trade late Thursday. A weaker dollar can support gold investment, as it makes the commodity less expensive to holders of other currencies.
Source; http://www.marketwatch.com/story/gold-futures-head-higher-in-asian-trading-2011-11-11
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