MW : Gold approaches $990 an ounce as dollar weakens
NEW YORK (MarketWatch) -- Gold futures rose Thursday for a second session to approach $990 an ounce, as the U.S. dollar moved lower after the European Central Bank kept its interest rate unchanged, raising gold's appeal as an alternative investment. Dec. gold rose $0.9% to $986.90 an ounce in early North American trading, after rising as high as $989.50 an ounce. Benchmark gold futures contracts haven't closed above $990 since February.
