Reviving for second day the U.S. dollar sent gold lower
Reviving for second day the U.S. dollar sent gold lower, prompting a sell-off in gold futures on Wednesday in New York.
June gold lost $4.90 to $434.10 an ounce. May silver tumbled 12 cents to $7.135, and July fell 12.1 cents to $7.181 per ounce on the Comex division of the NYMEX.
As the complex was closing, the euro had fallen to $1.2942 from $1.2986 late Tuesday.
"The dollar remained relatively steady despite weaker-than-expected news,
particularly with the durable-goods orders for March," said Dave Rinehimer, director of futures research with Citigroup Global Markets. These orders fell 2.8% in March.