By Myra P. Saefong, MarketWatch
TOKYO (MarketWatch) — Gold futures dropped as much as $17 per ounce in electronic trading on Globex by Friday afternoon in Tokyo, pulling back as the U.S. dollar regained lost ground against foreign currencies, dulling the investment allure of the precious metal, which hit a record high earlier this week.
Gold for December delivery (GCZ10 1,388, -15.50, -1.11%) traded as low as $1,385.40 an ounce on Globex. It recouped some of those losses to trade recently at $1,390.40, down $12.90.
By Myra P. Saefong, MarketWatch
TOKYO (MarketWatch) — Gold futures dropped as much as $17 per ounce in electronic trading on Globex by Friday afternoon in Tokyo, pulling back as the U.S. dollar regained lost ground against foreign currencies, dulling the investment allure of the precious metal, which hit a record high earlier this week.
Gold for December delivery (GCZ10 1,388, -15.50, -1.11%) traded as low as $1,385.40 an ounce on Globex. It recouped some of those losses to trade recently at $1,390.40, down $12.90.
