Gold futures fall by nearly 2% as U.S. stock market climbs, dollar strengthens

/ / News

Gold futures settled with a loss on Wednesday, pressured by a climb in the U.S. stock market, as two key benchmark stock indexes tapped record highs and the dollar strengthened. December gold fell $34.20, or 1.7%, to settle at $1,944.70 an ounce. Prices for the most-active contract had finished Tuesday at their highest since Aug. 18, according to Dow Jones Market Data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.