US Gold, Silver Futures Fall Early on Higher Dollar

Source:

A stronger dollar and follow-through sales from the previous session sent gold and silver futures lower early today, as investors held their bets ahead of interest-rate decisions from major central banks this week.

A stronger dollar and follow-through sales from the previous session sent gold and silver futures lower early today, as investors held their bets ahead of interest-rate decisions from major central banks this week.

By 9:52 a.m. EDT (1352 GMT), most-active gold for June delivery on the COMEX division of the New York Mercantile Exchange was down $3.60 at $686.80 an ounce, trading in a tight $5 range of $686.00 to $691.30.

Carlos Perez-Santalla at Hudson River Futures said from the COMEX floor that gold declined because of selling on the back of Monday's weakness in the New York market."The dollar's strength is always a good reason for selling the metals," Perez-Santalla said.

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