MW: Gold futures rise 2.5% on weak dollar, rising oil
By Polya Lesova
NEW YORK (MarketWatch) -- Gold futures rose 2.5% Thursday, gaining from sharp weakness in the U.S. dollar and rallying oil prices. Gold for February delivery gained $19.90, or 2.5%, to $828.70 an ounce in electronic trading on Globex. The dollar extended its losses after the Labor Department reported that the number of first-time filings for state unemployment benefits jumped by 58,000 to a 26-year high of 573,000 last week.
