Gold Sees More Selling As U.S. Dollar Index, Stock Indexes See Afternoon Rally
(Kitco News) - Gold prices have in afternoon trading extended losses suffered during the U.S. futures market day session. The U.S. dollar index has rallied sharply and U.S. stock indexes are trading at their session highs as there are late reports former FBI director James Comey has already said to the U.S. Congress, under oath, that there was no pressure from the Trump Administration on the FBI to stop any ongoing investigations.
That talk in the marketplace has boosted the greenback and the U.S. stock market. June gold was last down $12.00 at $1,247.00.