CORRECTION: Market Chatter: Gold Settles With Modest Loss On Dollar Climb
(In an earlier filing this gold report was wrongly attributed to Bloomberg. It was published by MarketWatch)
"Gold futures settled with a modest loss Wednesday as the U.S. dollar climbed to a seven-month high. Gold gave back a small portion of the previous session's gain and failed at an attempt to breach $1,600 an ounce," MarketWatch reported.
It said: "April gold fell $3.30, or 0.2%, to settle at $1,588.40 an ounce on the Comex division of the New York Mercantile Exchange after a 0.9% climb on Tuesday. Strength in the dollar on the back of better-than-expected U.S. retail sales in February dulled demand for dollar-denominated commodities, including gold."
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