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Gold books a loss as stocks, dollar rally

IMG Auteur

USA Gold

Published : June 20th, 2017

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	MarketWatch/Mark DeCambre/06-19-17 Gold prices finished firmly lower Monday, as the dollar strengthened and as investors favored assets perceived as risky, including stocks, over so-called havens. August gold finished off $9.80, or 0.8%, to settle at $1,246.70 an ounce. The precious yellow metal has closed down in seven of the past nine trading sessions and has been pressured down by a trio of factors: The Federal Reserve’s efforts to normalize U.S. interest rates, a climb in the Dow Jones Industrial Average and the S&P 500 index to records on the day, as well as a rising dollar . . .

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