Home / Market Update / Commodities / Gold Declines for Third Day in Row as USD Rises

Gold Declines for Third Day in Row as USD Rises

Gold prices finished lower on Thursday for the third consecutive session as the U.S. Dollar strengthened against major currencies, a day after the release of the Federal Reserve’s July meeting minutes.

The yellow metal futures for December delivery lost $1.30, or 0.08%, to finish at $1,783.10 per ounce.

The Dollar Index (DXY) approached its highest level in nine months above 93.58. The index was last seen higher for the day by 0.45% at 93.55.

Gold futures are down for the month by about 1.79%.

Check Also

U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty

The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased …