Gold prices inched higher for a second day in a row, boosted by a weaker dollar.
Gold for February delivery rose $10.80 to settle at $1,104.80 an ounce in quiet, holiday-shortened trading on the New York Mercantile Exchange Thursday. Commodities markets closed early ahead of the Christmas holiday and will remain closed on Friday.
The modest gain in gold came as the ICE Futures U.S. dollar index dipped 0.1 percent. Gold, which is considered a hedge against a weak greenback, tends to rise when the dollar falls.
The dollar's sway over gold prices has been exceptionally strong this year. Gold prices had been on a record-setting climb over the past …
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