Gold Slumps With Dollar Climbing After Upbeat Economic Data - News Summed Up

Gold Slumps With Dollar Climbing After Upbeat Economic Data


Gold prices tumbled Thursday, hurt by a stronger dollar after data pointed to a pickup in U.S. economic activity. Gold for June delivery, the most-active futures contract, fell 1.6% to $1,293.70 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices are up slightly in 2019 but still down about 4.1% from their February 10-month highs, hurt by renewed faith in the U.S. economy and a stronger dollar.


Source: Wall Street Journal April 11, 2019 13:41 UTC



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