Gold Has Miserable Month as Dollar Seen as ‘First Choice’ Haven
- Spot gold lost 3.6% in June, set for worst decline since 2016
- Gold will likely find a bottom as dollar gains ebb: MineLife
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Gold’s losses in June, driven by an ascendant dollar, have put the precious metal on course for its biggest monthly drop since November 2016, when markets were roiled by Donald Trump’s victory in the U.S. election.
The metal dropped 3.6 percent this month, while a gauge of the greenback is up for a third straight month amid escalating global trade tensions.