NEW YORK (MarketWatch) -- Gold futures rose more than 2% early Tuesday, as weakness in the U.S. dollar boosted demand for the precious metal. Gold for December delivery gained $16.30 to $743.10 an ounce in electronic trading on Globex. "The steadier tone in equities and softer dollar has prompted some buying interest on the European opening, but given the scale of events this week traders are unlikely to be particularly aggressive on either side of the spread," said James Moore, an analyst at TheBullionDesk.com, in a research note. Gold is likely to spend more time consolidating between $710 and $740, he said.
