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Gold prices plunged Tuesday after hawkish comments by U.S. government officials caused the greenback to rally.
Benchmark bullion futures shed $15.20 to close at $948.50 an ounce on the Comex division of the New York Mercantile Exchange.
The climb in gold came as the dollar rose against its major competitors. One euro was buying $1.578, down from $1.589 Monday. The British pound eased to $1.9914 from $1.998 a day earlier, and the yen dropped to 107.2 from 106.7 last time. The price of dollar-denominated assets such as gold tend to depreciate as the value of the dollar improves. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,441.12 | 1,109.18 | 2,206.91 | 35.96 |
Oil *
73.55
|
|
DOWN
10.88
|
UP
1.25
|
UP
5.86
|
DOWN
0.07
|
10 Yr
3.60%
SPDR Gold
111.59
|
|
-0.10%
|
+0.11%
|
+0.27%
|
-0.19%
|
Data delayed 20 minutes |
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