NEW YORK (MarketWatch) -- Gold futures rose on Tuesday, as upbeat German and U.S. reports helped Wall Street overcome economic concerns that led global stocks to fall sharply in the previous session.
The U.S. dollar, which has served as a safe haven, fell back, also providing support for dollar-denominated commodities, including precious metals. The contract earlier rose to an intraday high of $941.60 an ounce.
Gold for December delivery, the most actively traded contract, gained $3.40, or 0.4%, to end $939.20 an ounce on the New York Mercantile Exchange. The contract earlier rose to an intraday high of $941.60 an ounce.
