| Gold nudged lower on Thursday morning, with a stronger dollar ruling out a fourth day of consecutive gains – so far. The spot gold price of $1,180.50/1,181.30 per ounce was down $4.80 on Wednesday’s close – it has been confined to an intraday range of $8.
“The brief rally on precious metals over the last few days seems to have fizzled out now,” Marex Spectron’s David Govett said. “The move was down to two factors, an overly short market and a weaker dollar.” After hitting its lowest since May 18 on Wednesday, the dollar has recovered to 1.1251 against the euro this morning, with the dollar index up nearly 0.6 percent at 95.18. ..............................................Full Article: Source
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