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News: Gold lower on U.S dollar strength

  1. Gold futures settled with a loss of more than US$9 an ounce overnight, with strength in the U.S. dollar and a rise in equities dulling the metal’s appeal, but investors continue to keep an eye on ongoing turmoil in Greece.

    Gold for April delivery lost 0.8% to settle at US$1,232.20 an ounce on the Comex.

    In other metals trading, March silver dropped almost 1.2% to US$16.87 an ounce.

    Platinum for April delivery fell US$13.10 to end at US$1,207.30 an ounce, while March palladium lost US$13.95 to US$765.70 an ounce.

    High-grade copper for March delivery settled down US$0.03 to US$2.552 a pound.


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