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…