Gold Falls, With Dollar Rising After ECB Statement - News Summed Up

Gold Falls, With Dollar Rising After ECB Statement


Gold prices fell Thursday, weighed down by a stronger dollar after European Central Bank officials unveiled plans to scale down but extend their quantitative easing program. Gold for December delivery closed down 0.7% at $1,269.60 a troy ounce on the Comex division of the New York Mercantile Exchange. A stronger dollar has helped keep prices below $1,300 for much of October, and a rising U.S. currency was hurting gold again Thursday.


Source: Wall Street Journal October 26, 2017 14:48 UTC



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