NEW YORK (MarketWatch) -- Gold futures closed higher for the eighth session in a row Tuesday, as an increase in gold holdings backing the largest exchange-traded fund suggested continued investment demand ahead.
Holdings in SPDR Gold Shares , the biggest gold exchange-traded fund, stood at 1,121.46 metric tons, up nearly 4 metric tons from 1,117.49 on Friday.
Gold for December delivery finished up $1.10 at $1,165.80 an ounce on the Comex division of the New York Mercantile Exchange, marking its eighth consecutive session of gains. On Monday, the contract reached an all-time intraday high of $1,174 an ounce.
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