USD 75.0319

0

EUR 88.9578

0

BRENT 43.09

0

AI-92 43.26

+0.01

AI-95 47.44

+0.01

AI-98 53.25

+0.05

Diesel 47.45

-0.01

79

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.