Wednesday, 26 September 2018
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Gold Drops, Adds to Weekly Loss as Dollar Index Gains
Wednesday, 11 July 2018 19:56 WIB | PRECIOUS METALS |GOLDEMAS

Gold headed for back-to-back losses Wednesday as the leading dollar index gained, weighing on the commodity as markets digested the latest developments over global trade and strained diplomacy at a NATO summit in Brussels.

August gold lost $5.40, or 0.4%, to $1,250 an ounce, so far tracking about a 0.5% week-to-date loss and off more than 4% over the past month. The most popular fund tracking gold, the SPDR Gold Shares was 0.4% lower.

September silver traded 15 cents, or 0.9%, lower at $15.935 an ounce, down some 0.8% so far this week and plunging 6% over the past month. The iShares Silver Trust was also lower.

The ICE U.S. Dollar Index which reflects the greenback™s performance against a half-dozen currencies, rose 0.3% to 94.40.

Source : Market Watch

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