Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

May 10, 2022, 1:47 p.m. EDT

Gold futures end lower Tuesday, adding to skid as dollar surges

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Gold Continuous Contract (GC00)
  • X
    Dow Jones Industrial Average (DJIA)
  • X
    U.S. Dollar Index (DXY) (DXY)

or Cancel Already have a watchlist? Log In

By Joy Wiltermuth

Gold futures finished lower Tuesday, as the U.S. dollar's surge to its highest in two decades took a bite out of prices for the yellow metal. Gold for June delivery /zigman2/quotes/210034565/delayed GC00 +0.42% [s:GCM22] shed $17.60, or 0.9%, settling at $1,841 an ounce on Comex, a day after the most-active contract booked its lowest settlement value since February 15, according to Dow Jones Market Data. Stocks were volatile again Tuesday, with the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.68% briefly turning negative after giving up significant earlier gains. The ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY -0.19% ,a measure of the currency against a basket of six major rivals, was up 0.3%, near the 20-year high set in early trade Monday. Acute market jitters about a potential U.S. economic slowdown have added strength the dollar as a safe-haven. But a robust dollar also is a negative for commodities priced in the unit, making them more expensive to users of other currencies.

/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,837.90
+7.60 +0.42%
Volume: 49,677
June 27, 2022 7:16a
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,500.68
+823.32 +2.68%
Volume: 470.38M
June 24, 2022 5:05p
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
103.99
-0.20 -0.19%
Volume: 0.00
June 27, 2022 7:16a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.