Gold futures finished Thursday at their lowest level in more than two weeks, pressured by growing expectations for a U.S. interest-rate increase this month and strength in the dollar, which eased investment demand for the metal. The ICE U.S. Dollar Index tapped its highest levels in about two months. April gold lost $17.10, or 1.4%, to settle at $1,232.90 an ounce. That was the lowest finish for a most-active contract since Valentine’s Day, according to FactSet data.
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.
From:: Stock Market News