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Gold Slips Below $1200 as US Dollar Index Hits 11.5 – Year High

Wednesday, March 4, 2015 10:35
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Gold Slips Below $1,200, at Daily Low, as U.S. Dollar Index Hits 11.5-Year High

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow me on Twitter @jimwyckoff   www.kitco.com

(Kitco News) - Gold is seeing moderate selling pressure and has dropped below the psychologically important $1,200.00 level in late-morning dealings Wednesday. The precious metal moved to its session low as the U.S. dollar index touched an 11.5-year high. The strong greenback continues to be a bearish underlying factor for the entire raw commodity sector, including gold and silver. April Comex gold was last down $5.70 at $1,198.70.

 

 

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