Gold Futures Fall on Dollar’s Rally as Greek Debt Talks Stall
This article is for subscribers only.
Gold prices dropped the most in a week as the dollar rebounded from a two-week low, reducing demand for the precious metal as an alternative asset.
The greenback rose as much as 0.5 percent against a basket of currencies after European policy makers and Greek bondholders failed to reach agreement on a debt-swap plan. The MSCI All-Country World Index of equities declined as much as 1 percent.