NEW YORK (MarketWatch) -- Gold futures rose Tuesday for the first session in three, moving slightly higher as a weaker U.S. dollar increased gold's appeal as an investment alternative. However, rising U.S. stocks curbed the metal's attractiveness and limited gains in prices
Gold for April delivery rose $1, or 0.1%, to $916.50 an ounce on the Comex division of the New York Mercantile Exchange. The more actively trading June contract gained $1.70, or 0.2%, to $919.40 an ounce.
In currencies trading, the dollar was modestly lower vs. most major currencies, pressed by light position squaring and a bounce in equity markets. A weaker greenback tends to push up dollar-denominated gold prices, though this pattern hasn't always held true in gold's recent trading.
