Comex gold futures dipped another 1.4% Thursday to $1,256.0 per ounce.
“Just as the prospect of extended low rates and a weaker dollar provided commodities with considerable tailwinds earlier in the year, the reverse could be at work now, as rising rates and a stronger dollar pressures prices lower,” Edward Meir, independent commodity consultant at INTL FCStone, said, according to MarketWatch. “Gold will likely be a front-casualty in such a retreat.”
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