|
Gold settles lower, dollar slides
Gold futures tilted lower in Asian trade to December 13 lows, while the dollar index fell off year highs, following earlier data from the US, the world's largest economy.
As of 03:42 GMT, gold futures due on August 15 slipped 0.05% to $1,250.40 an ounce from the opening of $1,251.00, while the dollar index fell 0.38% to 94.95 from the opening of 95.31.
Markets await a basket of US data today, with personal spending expected to have slowed down to 0.4% from 0.6% in April, while personal income to edge up to 0.4% from 0.3%.
Chicago PMI is forecasts at 60.1, down from 62.7 in May, while the University of Michigan's consumer confidence survey is expected to have slipped in the final reading to 99.1 from 99.3 in the preliminary reading.
Thanks for your feedback.
Kiwi declines for fifth straight session against US dollar
The New Zealand dollar fell in Asian trade to late May, 2016 lows, following earlier data from New Zealand and ahead of important ones from the US later today.
MoreWall Street ends higher, led by tech, finance
US stock indices closed the fourth session of the week higher after a spate of disappointing data from the world's largest economy, which hurt chances of four Federal Reserve rate hikes in 2018.
MoreNatural gas falls after US inventory data
Natural gas futures fell over one percent in American trade away from June 18 highs, while the dollar index traded mostly flat near July 14, 2017 highs, following earlier data from the US, the world's largest economy, including the EIA report that showed another inventory buildup for the eighth week in a row.
More