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Gold tumbles, poised for lowest close in more than year as dollar, rates rise
Thursday, 19 July 2018 19:53 WIB | PRECIOUS METALS |GOLDEMASPerak

Gold prices early Thursday extended a downdraft that has pushed the metal toward its lowest close in more than a year, in an atmosphere of rising benchmark rates for U.S. government debt and the continuation of a U.S. dollar rally.

August gold traded $12, or 1%, lower at $1,215.90 an ounce early Thursday.

Other metals also showed signs of faltering, September silver tumbled by 32 cents, or 2.1%, to $15.260 an ounce, on track for its lowest close since early 2016.

Source: Marketwatch

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