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METALS STOCKS Gold above $830 on weaker dollar, Bhutto's death By Moming Zhou..., MarketWatch Last update: 2:22 p.m. EST Dec. 27, 2007 SAN FRANCISCO (MarketWatch) -- Gold futures rose for a fourth day Thursday and closed above $830 an ounce as a sliding dollar gave the precious metal fresh momentum and as the assassination of former Pakistani prime minister Benazir Bhutto increased geopolitical uncertainties. Gold for February delivery ended the session up $2.3, or 0.3%, at $831.8 an ounce on the New York Mercantile Exchange. The contract earlier rose to an intraday high of $835.5, the strongest in a month. Gold futures have moved up nearly $30 an ounce since last Friday. "If gold prices needed any excuse to continue to trade at their highest levels in a month, they got it today," said Jon Nadler, senior analyst at Kitco Bullion Dealers, pointing to Bhutto's assassination. Ahead of parliamentary elections scheduled for Jan. 8, Pakistani opposition leader Bhutto died in an attack that also killed at least 20 others after a political rally in Rawalpindi. Pakistan possesses nuclear weapons, and the death of Bhutto could increase tensions in the region. Read full story.... The dollar index, which tracks the value of the U.S. currency against a basket of other major currencies, fell for a fourth day, down 0.7% at 76.58. A weaker greenback makes dollar-denominated gold more attractive as an investment alternative. See Currencies.... "The few participants who have opted to trade this week ... have thus far enjoyed the best market in quite a few weeks," said Kitco's Nadler. "Geopolitical uncertainties and fears add to the background conditions that are now propelling gold." Other metals futures traded mixed on the Nymex. Copper for March delivery fell for the first time in six days, down 3.8 cents at $3.132 a pound, January platinum fell $10.5 to $1,538.8 an ounce, and March palladium slid 5 cents to stand at $368.35 an ounce. March silver lost 1.7 cents to $14.818 an ounce. In sharply lower trading on Wall Street, indexes tracking mining and metals shares were mixed.http://www.marketwatch.com/news/story/gold-closes-...={3571DB37-CC2E-4115-9C87-74A15BC59700}