Bulletin
Investor Alert

Market Pulse Archives

July 16, 2020, 1:47 p.m. EDT

Gold futures fall to their lowest finish in over a week, but hold above the key $1,800 mark

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    U.S. Dollar Index (DXY) (DXY)
  • X
    Gold Aug 2020 (GCQ20)

or Cancel Already have a watchlist? Log In

By Myra P. Saefong

Gold futures fell Thursday to mark their lowest finish in more than week, with dollar-denominated prices for the metal easing back as the U.S. dollar looked to recoup losses from a day earlier, with the ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY +0.65% up 0.2%. "The inverse relationship between the metal and the greenback has been strong recently," said David Madden, market analyst at CMC Markets UK. "Gold hit its highest level in over eight and a half years last week, and since then it has lacked direction," he said in a note. August gold /zigman2/quotes/210037452/delayed GCQ20 +0.82% fell $13.50, or 0.7%, to settle at $1,800.30 an ounce. That was the lowest most-active contract finish since July 6, according to FactSet data.

Read the full story:
Gold prices log lowest finish in more than a week

/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
93.39
+0.60 +0.65%
Volume: 0.00
Aug. 7, 2020 6:00p
loading...
/zigman2/quotes/210037452/delayed
US : U.S.: Nymex
$ 2,026.60
+16.50 +0.82%
Volume: 808.00
Aug. 7, 2020 3:50p
loading...

Get news alerts on Gold Aug 2020 — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.