MW:Gold futures off as dollar rises, Fitch cuts Japan
By Barbara Kollmeyer
MADRID (MarketWatch) -- Gold futures fell on Tuesday, weighed as the dollar and global stock markets rose. Gold extended losses after Fitch Ratings downgraded Japan to A+ and issued a negative outlook on its economy. Gold futures for June delivery GCM2 -0.80% fell $13.30, or 0.8%, to $1,575.80 an ounce, while silver SIN2 -0.99% fell 23 cents to $28.08 an ounce. Meanwhile, the dollar resumed a path higher on Tuesday. The ICE dollar index DXY +0.46% , which tracks the dollar against a basket of six other currencies, rose to 81.270, compared to a level seen late Monday of 80.970. The index broke its 14-day winning run, a multi-decade record on Monday.
