Gold futures booked their highest close on Tuesday in about four weeks as a weaker dollar helped to drive the yellow metal higher. A softening dollar can make gold more attractive to buyers using weaker currencies. February gold settled $8.70, or about 0.7%, higher at $1,287.50 an ounce, marking the highest settlement since Nov. 28th, according to FactSet data. Dollar weakness, as measured by the ICE U.S. Dollar Index , which gauges the buck against a basket of six rival currencies, helped to support gold trading.
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