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Updated from 12:25 p.m. EST
Gold hit a multimonth high as news of continued softness in housing kept the dollar weak Thursday, but the upward momentum couldn't be sustained and the rally quickly fizzled.
April-dated bullion contracts dipped 10 cents to close at $654.40 an ounce on the Comex division of the New York Mercantile Exchange. Earlier in the session prices reached an intraday peak of $661 before retracing.
The exchange-traded funds that hold the metal also fell. The streetTracks Gold Shares (GLD Quote) was off 0.4%, and the iShares Comex Gold Trust (IAU Quote) was lower by 0.5%. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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