speculative players across many markets, and amid the thin conditions
prevailing ahead of the New Year holiday, made notable price ripples in more illiquid arenas such as the precious metals complex.
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Gold Slumped On Dollar Recovery
US gold tumbled more than $8 an ounce Wednesday
US gold tumbled more than $8 an ounce Wednesday, its lowest level in 12 days, because of a stronger dollar, fund selling, month-end book squaring and stop-loss sell orders.
The most active February contract settled $8.30 lower at $437 per ounce.
US dollar rallied against the euro, leading to asset shuffling by
speculative players across many markets, and amid the thin conditions
prevailing ahead of the New Year holiday, made notable price ripples in more illiquid arenas such as the precious metals complex.
speculative players across many markets, and amid the thin conditions
prevailing ahead of the New Year holiday, made notable price ripples in more illiquid arenas such as the precious metals complex.
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