Gold futures finished higher on Wednesday, logging a fifth-straight day of gains while metals and commodities overall attracted bids. February gold rose $3.90, or 0.3%, at $1,291.40 an ounce, adding to its previous session gains when it hit a 2 1/2-year high. The move was supported partly by weakness in the greenback, with the ICE U.S. Dollar Index down about 0.3%. Because many commodities are priced in dollars, a weaker greenback can be supportive to a climb in metals’ prices. Meanwhile, industrial metals also enjoyed gains, highlighted by high-grade copper for March delivery adding to its more than four-year high, on the back of reports of increased demand from China, the world’s second-largest economy.
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