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Source: https://www.mining.com/gold-price-slides-further-on-rising-dollar/
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Gold continued its slide to a new two-month low on Wednesday as positive momentum for stocks and a strengthening dollar undercut investor appetite for bullion, while a lack of additional stimulus to aid the global economy on the road to recovery added further pressure on the precious metal.
Spot gold was down 1.7% to $1,866.71 per ounce by 11:30 a.m. EDT. US gold futures also fell 1.8% to $1873.00 per ounce in New York.
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Gold continued its slide to a new two-month low on Wednesday as positive momentum for stocks and a strengthening dollar undercut investor appetite for bullion, while a lack of additional stimulus to aid the global economy on the road to recovery added further pressure on the precious metal.
Spot gold was down 1.7% to $1,866.71 per ounce by 11:30 a.m. EDT. US gold futures also fell 1.8% to $1873.00 per ounce in New York.
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