By Kishori Krishnan
Gold futures finished modestly higher Thursday, ending a four-day decline, after the US dollar weakend. The most-active February gold rose $5.30 to $1,126.20 an ounce on the Comex division of the New York Mercantile Exchange.

Though gold rose, crude oil suffered its seventh straight loss, ending the day at $70.54 a barrel, down 13 cents.

Gold has fallen 13.3 per cent since hitting a closing peaking for the year on October 21. On December 8, gold dropped 1.8 per cent to $1,143.40 an ounce in New York to cap the steepest three-day drop since October 2008.

The same day, Barrick fell to C$43.10, contributing the most to the S&P/TSX’s decline. Barrick Gold Corp (ABX: CN), the world’s biggest producer of the precious metal, dropped 3.4 per cent as bullion declined.

Goldcorp Inc (G: CN) the second-largest producer of the metal in Canada, retreated 3 per cent to C$42.24.

Silver reseller Silver Wheaton Corp. led the S&P/TSX with a 5.5 per cent plunge to C$15.81, after analyst Daniel Earle of Toronto-Dominion Bank cut his rating on the stock to “hold” from “buy.”

For now, gold appears to be a `risky’ asset, that has soared more than 30 per cent in a year and lost 4 per cent of its value in a day. Good enough reason to pause?

The recent sell-off in gold has spooked some gold investors. Point to note: a lot of money flowed to the dollar after last week’s release of better-than-expected employment figures.

Courtesy: www.goldinvestingnews.com

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