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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

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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

US : U.S.: ICE Futures U.S.
+0.60 +0.65%
Volume: 0.00
Aug. 7, 2020 6:00p
US : U.S.: Nymex
$ 2,026.60
+16.50 +0.82%
Volume: 808.00
Aug. 7, 2020 3:50p

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