Gold Down on Strong Dollar

Posted By: Religare
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Gold futures closed lower in the international market on Thursday as the U.S. dollar regained its footing above a key technical level and equities traded mostly higher, drawing some investor attention away from the precious metal.

Gold Down on Strong Dollar

A stronger dollar can weigh on commodities priced in the currency, making them less attractive to purchasers using other monetary units. Metals extended losses after a pair of economic reports: jobless claims and a revised reading of gross domestic product.

Read more about: gold, us dollar
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