Gold nears high of 2010 as dollar falls vs. euro

NEW YORK (MarketWatch) -- Gold futures rose Wednesday, nearing the highest levels of the year, as the U.S. dollar fell versus the euro, making the precious metal more attractive as an investment alternative.

Gold for April delivery rose $5.90, or 0.5%, to $1,143.30 an ounce.

It earlier rose as high as $1,145.80, the loftiest level seen since Jan. 11, when it closed at $1,151.40 an ounce, the high for 2010.

Click here for more on today's price action in gold.

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