USD 92.5919

+0.02

EUR 100.2704

-0.14

Brent 86.65

+0.96

Natural gas 1.743

+0.03

328

Gold Rose to March High

Gold futures closed near $454 an ounce Wednesday

Gold Rose to March High

Gold futures rose $454 an ounce Wednesday as some weakness in the U.S. dollar sparked fresh investor interest in the precious metal.

Gold for December delivery climbed to a high of $454.40 an ounce on the New York Mercantile Exchange, a level not seen since March 16. The contract gained $3.70 to close at $453.70 -- matching Monday's ending level.

Prices fell Tuesday but managed to hold at the $450 level, even after the dollar got a lift after a report that the nation's trade deficit narrowed in July.

"We think the ability to hold together is the result of a more diversified bull position in gold and the fact that inflation remains a threat," said Nell Sloane, analyst at NSFutures.com, in a daily commentary.

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