You are here: Home » Reuters » News
Business Standard

Gold at three-week low on firmer dollar, U.S. jobs data

Reuters  |  NEW YORK/LONDON 

By Marcy Nicholson and Eric OnstadNEW YORK/LONDON (Reuters) - Gold fell to a three-week low on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market.The losses in gold were limited, however, with bullion underpinned by myriad global uncertainties, including a report that U.S. President Donald Trump was under investigation. "Just like in previous rate hikes, the next day the market starts looking at the probability of the next hike because everything was ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, June 16 2017. 00:48 IST
RECOMMENDED FOR YOU