NEW YORK (MarketWatch) -- Gold futures rose by more than 1% early on Tuesday, following a U.K.-newspaper report that Gulf oil producers, in concert with China, Russia, Japan and France, are planning to eventually end dollar-based oil pricing. The dollar came under pressure after the report, lifting dollar-denominated commodities, such as gold. In recent action, gold for December delivery gained $13, or 1.3%, to $1,031.00 an ounce.