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Gold Slides as Dollar Recovers

Gold Slides as Dollar RecoversGold Slides as Dollar Recovers

Gold prices stumbled Wednesday as the dollar clawed its way up from the three-week low reached Tuesday, MarketWatch reported. Still, tensions over North Korea and looming French and UK elections that hold implications for the European economy supported some level of investor demand for safe-haven precious metals, keeping gold prices just below the November highs touched Monday. June gold fell $10.70, or 0.8%, to $1,283.60 an ounce. It has traded in choppy fashion since failing to clear the closely watched $1,300 mark in recent sessions, even as it reaches multi-month highs.

 

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