USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

196

Gold Futures Dropped From Record

Gold dropped from a record in London after the dollar halted a slump

Gold Futures Dropped From Record

Gold dropped from a record in London after the dollar halted a slump to its lowest ever against the euro, eroding demand for the precious metal as a hedge against further weakness in the U.S. currency and faster inflation.

Gold for immediate delivery dropped $1.98 to $955.86 an ounce as of 11:09 a.m. in London. Gold for April delivery declined $2.90 to $958.10 an ounce on the Comex division of the New York Mercantile Exchange, Bloomberg reported.


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