Gold Settles Lower as Dollar Edges Higher

Gold prices finished lower on Thursday, amid a fluctuating performance by the U.S. Dollar (USD) that edged higher into the positive territory.

The yellow metal’s front-month futures lost $8, or 0.44%, to $1,810.10 per ounce.

Since the beginning of the year, gold’s contract has declined by about $83.00 or 4.38%.

The Dollar Index (DXY) that measures the greenback’s performance against a basket of six major international currencies is slightly up by hovering around 92.

Treasury bond yields are also leveling up, which limited the demand for gold.