Gold and Other Metals Fall as Dollar Strengthens

Gold is falling as the dollar advances, diminishing the precious metal's appeal as an alternative investment.

The actively traded August contract for gold fell $14.70, or 1 percent, to $1,397.20 an ounce.

Gold has dropped 17 percent this year as the dollar and U.S. stocks have rallied, reducing demand for safe-haven assets.

Other metals prices also fell.

Palladium, silver, and platinum dropped. Only copper bucked the trend, rising 1.2 percent.

In agricultural futures trading, wheat for July delivery was little changed at $7.09 a bushel.

Corn for the same month rose 4.75 cents, or 0.7 percent, to $6.6050 a bushel.

The price of crude oil fell 14 cents, or 0.1 percent, to $93.31 a barrel.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2471379, ~/Articles/ArticleHandler.aspx, 9/26/2016 11:44:42 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes