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Gold Market Update
Gold futures settled lower for a second session on Monday as strength in the dollar and a rally in equities drew investors away from the precious metals market.
Gold for April delivery GCJ5, -0.36% shed $15, or 1.3%, to settle at $1,184.80 an ounce on Comex. May silver SIK5, -1.19% lost 39.5 cents, or 2.3%, to $16.674 an ounce.
“Gold is struggling with rally fade once again with the shine being taken off by prevailing dollar strength,” said Ross Norman, chief executive officer at Sharps Pixley.
Gold for April delivery GCJ5, -0.36% shed $15, or 1.3%, to settle at $1,184.80 an ounce on Comex. May silver SIK5, -1.19% lost 39.5 cents, or 2.3%, to $16.674 an ounce.
“Gold is struggling with rally fade once again with the shine being taken off by prevailing dollar strength,” said Ross Norman, chief executive officer at Sharps Pixley.
Current Market Update
Tokyo (Nikkei Average NIK, +0.23% ) up 0.3%
Hong Kong (Hang Seng Index HSI, +0.47% ) up 0.5%
Shanghai (Shanghai Composite Index SHCOMP, +0.11% ) up 0.1% (at break)
Sydney (S&P/ASX 200 XJO, +0.91% ) up 0.9%
Seoul (Kospi SEU, +0.27% ) up 0.3%
Mumbai (Sensex 1, +0.32% ) up 0.3%
Taipei (Taiex Y9999, +0.34% ) up 0.2%
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