Arab Today, arab today gold slides on early nudge from dollar
Last Updated : GMT 11:14:33
Arab Today, arab today
Arab Today, arab today

Gold slides on early nudge from dollar

Arab Today, arab today

Arab Today, arab today Gold slides on early nudge from dollar

New York - UPI

Gold futures dropped Wednesday for the third consecutive trading session, though the dollar index was neutral after early gains. The dollar index, a pro-rated measure of the greenback\'s value compared with six major currencies, fell 0.07 percent to 82.97 on the International Exchange. Gold for August delivery shed $16.70 or 1.05 percent to $1,572.80 per troy ounce on the Comex division of the New York Mercantile Exchange. September silver futures shed 16 cents, or 0.59 percent, to $27.15 an ounce. Early strength in the dollar pressured metals Wednesday, the dollar gaining with expectations of a new round of quantitative easing diminishing after Federal Reserve Chairman Ben Bernanke testified in Washington. By close of trading, the euro fell to $1.2278 from $1.2295. Against the yen, the dollar was lower at 78.80 yen compared with Tuesday\'s 79.07 yen.

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