Metals lost some steam today with the dollar index trading higher
Bullion prices ended lower on Wednesday as the curtain begins to fall on 2015. Metals lost some steam today with the dollar index trading higher.
February gold lost $8.20, or 0.8%, to settle at $1,059.80 an ounce. That represents the lowest close for gold since Dec. 17, a day after the Federal Reserve lifted interest rates, weighing on commodities that don't bear interest. March silver closed lower by 0.6% at $13.44/oz.
The key dollar index climbed 0.2%, as the dollar rallied against so-called commodity currencies, most notably the Russian ruble that fell to an all-time low against the greenback.
Among economic data ex[ected for the day, pending home sales dipped 0.9% in November, missing expectations for a 1% increase.
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