Chicago, Feb 10 (IANS) Gold futures on the COMEX division of the New York Mercantile Exchange closed slightly higher for five trading days in a row Tuesday, as a weaker US dollar gave support to the precious metal.
The most active gold contract for April delivery rose $0.70, or 0.06 percent, to settle at $1,198.60 per ounce.
US dollar slumps amid global turmoil
The US dollar fell against most major currencies on Tuesday amid a sell-off in global stocks and declining oil prices.
In late New York trading, the euro climbed to $1.1289 from $1.1198 in the previous session, while the dollar bought 114.90 Japanese yen, lower than 115.34 yen of the previous session.