RTTN: Gold Lingers Below $1,220 As Dollar Edges Up
(RTTNews) - The price of gold edged down for a second session Thursday morning amid recovering equities and a slightly stronger dollar.
Gold for August delivery, the most actively traded contract, was down $3.2 to $1,219.40 an ounce.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, edged up to a new lifetime high of 1,268.54 tons.
Meanwhile, the U.S. dollar stayed near its 4-year highs versus the euro and continued to push higher versus the yen.
Elsewhere, the price of silver ticked down and platinum edged up in morning deals.
Today, traders will look to the ADP's private sector employment report, the weekly jobless claims report and the factory goods orders report for April from the Commerce Department.
