USD 64.3455

+0.09

EUR 71.0503

+0.2

BRENT 59.05

+59.05

AI-92 42.27

+0.11

AI-95 46.03

+0.1

AI-98 51.83

+0.01

Diesel 46.13

-0.02

14

US Gold Slid From 6 Week High

US gold prices slid from a 6 week high as U.S. wholesale prices dropped more than it expected

US gold prices slid from a six-week high as U.S. wholesale prices dropped more than it expected, reducing the appeal of the metal as a hedge against inflation.

Gold futures for August delivery fell $1.80, or 0.4 percent, to $429.30 an ounce on the Comex division of the New York Mercantile Exchange.

Prices yesterday closed at $431.10, the highest for a most-active contract since April 29. A futures contract is an obligation to sell or buy a commodity at a set price by a specific date.