Gold down on stronger stocks, dollar

0 Comment(s)Print E-mail Xinhua, June 18, 2020
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CHICAGO, June 17 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as equities and the U.S. dollar strengthened.

The most active gold contract for August delivery fell 0.9 U.S. dollar, or 0.05 percent, to close at 1,735.6 dollars per ounce.

Most stock indexes around the globe were positive on Wednesday as investors digested news that dexamethasone, a widely available steroid, could improve COVID-19 survival.

The U.S. Dollar Index was positive as well, putting additional pressure on gold.

Silver for July delivery rose 12.3 cents, or 0.7 percent, to close at 17.775 dollars per ounce. Platinum for July delivery fell 5.7 dollars, or 0.68 percent, to close at 838.2 dollars per ounce. Enditem

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