Monday 28, July 2008 by

Gold falls back in tandem with oil

Gold futures declined to a weekly loss of $26 on the back of a stronger dollar and better economic data from the US, according to the latest market roundup from the DGCX. A report from the Commerce Department revealed a rise of 0.8 per cent for durable goods in June. The Dollar Index, a measure of the dollar’s strength against a basket of currencies rose to 72.86.

Features & Analyses