USD 63.8487

0

EUR 70.5975

0

BRENT 64.63

0

AI-92 42.32

-0.06

AI-95 45.99

-0.12

AI-98 51.63

-0.23

Diesel 46.05

-0.11

17

Strong Dollar Triggers Gold Decline

Gold futures in New York stumbled to a lower close

Gold futures in New York stumbled to a lower close on Wednesday as the dollar was triggered higher by news that the May U.S. trade deficit was narrower than anticipated, Dow Jones reported.

August gold settled $2.50 lower at $424.60 on the Comex division of the NYMEX.

In early morning trade, gold felt the tug as the dollar rallied on news that
the U.S. trade deficit for May was $55.3 billion, lower than an expected gap of
$57 billion.

The news sent the euro below its key $1.21 level Wednesday.