Tuesday, 17 July 2018
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Gold settles at fresh 2018 low as dollar index taps 11-month high
Friday, 22 June 2018 01:37 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices marked a third straight session decline on Thursday to carve out another low for 2018 as a leading dollar index--lifted in a rising interest-rate environment--tapped its highest level since last summer.

August gold lost $4, or 0.3%, to settle at $1,270.50 an ounce. Prices finished at their lowest for a most-active contract since Dec. 20, according to FactSet data.

Around the metals complex, July silver rose 0.1% to $16.326 an ounce. Its Wednesday settlement at $16.309 was the lowest settlement since mid-May. July copper settled at $3.022 a pound, down 0.6%.

July platinum retreated nearly 1.3% to $863.20 an ounce, while September palladium lost 1.2% to $945.60 an ounce.

Source: marketwatch

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