Gold slides from 1-week high on profit-booking, US dollar strength | Metals Mine

  • Gold slides from 1-week high on profit-booking, US dollar strength

    From brecorder.com

    Gold prices slid on Wednesday as investors booked profits after prices briefly climbed to a more than one-week high in earlier trade as a stronger dollar weighed on sentiment across the precious metals complex ahead of key US jobs data due this week. Spot gold fell 0.7% to $4,466.19 per ounce, as of 0330 GMT. Bullion touched a record high of $4,549.71 on December 26. US gold futures for February delivery were 0.4% lower at $4,477.30. “(Precious metals) have gone up (quickly) this week and there’s always a bit of profit-taking the dollar has also helped pressure prices,” said GoldSilver Central managing director ... (full story)

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