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Gold hits 3-week low as dollar firms

Reuters  |  BENGALURU 

By Nithin ThomasPrasadBENGALURU (Reuters) - Gold prices hit a three-week low on Friday and were on track for a second weekly fall, dragged down as upbeat U.S. economic data supported the dollar.The dollar index firmed after data showed the number of Americans filing for unemployment benefits fell more than expected last week. Robust economic data could encourage the U.S. Federal Reserve to raise interest rates again this year following a hike this week."The strengthening of the dollar (is weighing on gold)... and after the latest Fed interest rate hike people are waiting to see when the Fed ...

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First Published: Fri, June 16 2017. 13:41 IST
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