Gold Posts Longest Slump in Seven Weeks on Dollar Rally
This article is for subscribers only.
Gold futures fell, posting the longest slump in seven weeks, as the dollar’s rally to a five-year high eroded the appeal of the precious metal as an alternative investment.
Futures approached a four-year low as the greenback climbed against a basket of 10 currencies after Japan expanded monetary stimulus, while the Federal Reserve moved closer closer to its first interest-rate increase in eight years.