By Nick Godt, MarketWatch
SAN FRANCISCO (MarketWatch) -- Losses for gold futures deepened Thursday to close at mid-November levels, pressured as investors bid up the U.S. dollar on concerns about Greece's ability to pay its debts and on expectations the Federal Reserve was inching toward raising rates.
A higher dollar undermines the value of gold, which is typically bought as an alternative if investors expect paper currencies to depreciate.
Full article
No comments:
Post a Comment