Gold futures dropped on Thursday, with a climb in U.S. equities and strength in the dollar dulling investment demand for the metal. April gold GCJ4 +0.06% shed $19.70, or 1.6%, to settle at $1,242.50 an ounce on the Comex division of the New York Mercantile Exchange. The continued march forward by the Fed with its tapering program caught a few people offguard on Wednesday, though it shouldn't have, given the strong economic growth the U.S. is enjoying, said Richard Gotterer, managing director at Wescott Financial Advisory. This, along with dollar strength and a rebound in equity prices took "a little bit of the shine off of gold for today."
Click Here To Register For Free Trial Services
OR
Give A Missed Call : +6531581402
Follow Us On Twitter : www.twitter.com/epicresearchsg
Like Us On Facebook : www.facebook.com/EpicResearchSingapore
Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment