Gold marks modest loss on dollar strength, oil-price surge

ArticleChange of moneyMay 10, 2018 - 6:21:35 AM

U.S. dollar index taps highest level since late December

Gold futures finished with a modest loss Monday as the dollar touched its highest level in months and financial markets reckon with a surge in oil prices and its possible impact on the Federal Reserve’s monetary-policy plans.

June gold GCM8, +0.07% fell 60 cents, or less than 0.1%, to settle at $1,314.10 an ounce. Prices last week grazed a roughly two-month low and suffered from a third straight weekly loss.

The ICE U.S. Dollar Index DXY, -0.09% gained nearly 0.2% to 92.714 Monday, after reaching its highest level since late December. The moves follow the benchmark’s fourth straight weekly advance…

On the same subject