US gold futures won back yesterday after early drop to six-day lows
US gold futures won back yesterday after early drop to six-day lows induced by early recovered U.S. dollar, and settled a little down.
The most-active April delivery gold settled 10 cents lower at $433.80 per ounce on the New York Mercantile Exchange?s Comex division.
The dollar retraced back overnight ahead of Federal Reserve Chairman Alan Greenspan's testimony in Washington on the economy, and also after the Australian dollar was sold off amid disappointing economic data in Australia.
Spot gold recovered from a dip to $428.55 to the $432.85 region by the New
York close, and a $428-$434 range is seen over the short run.