MW: Gold falls first day in five on stronger dollar, lower crude
By Moming Zhou, MarketWatch
NEW YORK (MarketWatch) -- Gold futures fell Thursday for the first session in five, moving lower as a stronger dollar reduced the metal's investment appeal and as declines in crude-oil prices dampened sentiment in commodities trading.
The dollar strengthened against the euro and the Japanese yen, gaining after Japan's newly appointed top finance official talked down the yen. In energy trading, crude futures fell for the first time in 11 days, declining from their highest level in nearly 15 months.
On the Comex division of the New York Mercantile Exchange, gold for February delivery lost $3.70, or 0.3%, to $1,132.80 an ounce. It gained $44, or 4%, over the previous four days.
By Moming Zhou, MarketWatch
NEW YORK (MarketWatch) -- Gold futures fell Thursday for the first session in five, moving lower as a stronger dollar reduced the metal's investment appeal and as declines in crude-oil prices dampened sentiment in commodities trading.
The dollar strengthened against the euro and the Japanese yen, gaining after Japan's newly appointed top finance official talked down the yen. In energy trading, crude futures fell for the first time in 11 days, declining from their highest level in nearly 15 months.
On the Comex division of the New York Mercantile Exchange, gold for February delivery lost $3.70, or 0.3%, to $1,132.80 an ounce. It gained $44, or 4%, over the previous four days.
