Gold books sharpest daily drop in about 2 weeks
Marketwatch -

Gold futures closed lower on Wednesday, snapping 4-sessions of gains, as the dollar climbed and investors awaited the release of the Federal Reserve's early May policy meeting for hints about its future policy course. Gold for June delivery [s:gc00] shed $19.10, or 1%, to settle at $1,846.30 an ounce on Comex. That marked its biggest daily percentage drop since its 1.6% tumble on May 12, according to FactSet data. Pressure on the precious metals comes as stocks were struggling for direction...

Read this story at

Loading...

Related Articles