Gold futures settle at a seven-week low

Gold futures settled at their lowest level in seven weeks on Wednesday as overall gains in the U.S. dollar and equities continued to dull the metal’s investment appeal. Prices for the yellow metal tallied a 4.4% loss during a six-session losing streak. Gold for June delivery fell $5.40, or 0.4%, to settle at $1,223.80 an ounce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply