Wednesday, May 16, 2012

Gold settles at 2012 low as dollar gains on Greece

By Myra Saefong and Wallace Witkowski - MarketWatch

Gold futures settled down for the third session in a row Tuesday, ending at a 2012 low, as concerns over Greece’s political impasse fueled further gains in the U.S. dollar.

Gold for June delivery, the most active contract, settled down $3.90, or 0.3%, at $1,557.10 an ounce on the Comex division of the New York Mercantile Exchange. The last time gold settled lower was on Dec. 29, when it settled at $1,540.90 an ounce.
 

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