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Urgent: Gold down sharply on stronger U.S. dollar, equities

Xinhua, April 14, 2016 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as stronger oil prices led a rebound in U.S. equities and the U.S. dollar, despite worse-than-expected U.S. data.

The most active gold contract for June delivery fell 12.6 U.S. dollars, or 1.00 percent, to settle at 1,248.30 dollars per ounce. Enditem