Tuesday 22 September 2015

Gold falls on strong dollar, Fed concerns

The most actively traded contract, for December delivery, fell US $5.00, or 0.4 per cent to settle at US $1,132.80 a troy ounce on the Comex division of the New York Mercantile Exchange.The Wall Street Journal Dollar Index was recently up 0.6 per cent at 88.41. Dollar-denominated gold futures become more expensive for investors who use weaker currencies to fund their gold purchases when the dollar rallies....Read More

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