Gold futures tumbled on Monday after clinching their strongest one-day gain in a month on Friday following the release of the Labor Department's June jobs...
Gold futures tumbled on Monday after clinching their strongest one-day gain in a month on Friday following the release of the Labor Department’s June jobs report.Price actionMarket drivers Gold prices benefited from the sharply... Gold futures tumbled on Monday after clinching their strongest one-day gain in a month on Friday following the release of the Labor Department’s June jobs report.Price action Market drivers Gold prices benefited from the sharply weaker U.S.
It is the latest sign that gold has once again found itself trapped in what Marios Hadjikyriacos, senior investment analyst at XM, described as “a well-defined range.” Consumer prices are expected to have risen by 0.3% in June, according to the median forecast from economists polled by The Wall Street Journal.
Meanwhile, the ICE U.S. Dollar Index DXY , a gauge of the dollar’s strength against a basket of rivals, rose by 0.2%, to 102.40, helping to push gold lower.
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