MW: Crude oil, gold drop as dollar rises on safe-haven
By Nick Godt
NEW YORK (MarketWatch) -- Crude oil and gold futures fell further on Tuesday, as concerns over global growth shook markets, lifting demand for the dollar as a safe haven. A report on U.S. existing-home sales for July will be released at 10 a.m. Eastern, with the market expecting a monthly decline. Crude oil for October delivery was down $1.15, or 1.6%, to $71.95 a barrel. Gold for December delivery fell $14.60, or 1.2%, to $1,213.80 an ounce. The dollar index (DXY 83.49, +0.37, +0.44%) , which measures the U.S. unit against a basket of six major currencies, was up 0.4% to 83.46.
