"Gold is still driven by the U.S. dollar,'' David Moore, commodities strategist at Commonwealth Bank of Australia in Sydney, said by phone. "Pre-holiday trading is very thin.''
168
Gold Fell on Dollar Strength
The U.S. dollar has gained against 13 of the 16 major currencies this month
Gold declined in Asia as a strengthening dollar reduced the appeal of the precious metal as an alternative investment, Bloomberg reported.
The U.S. dollar has gained against 13 of the 16 major currencies this month, and is trading near a six-week high against the yen.
"Gold is still driven by the U.S. dollar,'' David Moore, commodities strategist at Commonwealth Bank of Australia in Sydney, said by phone. "Pre-holiday trading is very thin.''
February-delivery gold on the Comex division of the New York Mercantile Exchange fell $1.90, or 0.2 percent, to $813.50 an ounce in after-hours trading at 1:10 p.m. Singapore time.
"Gold is still driven by the U.S. dollar,'' David Moore, commodities strategist at Commonwealth Bank of Australia in Sydney, said by phone. "Pre-holiday trading is very thin.''
Подпишитесь
