Gold finishes lower as stocks rally, dollar strengthens

Gold futures surrendered earlier gains to finish lower on Thursday as strength in the U.S. stock market and the dollar offset support from a report showing strong investment demand for precious metals in the first half of 2016.

December gold GCZ6, -0.38%  fell $1.90, or 0.1%, to settle at $1,350 an ounce. Prices had traded lower early Thursday, turned higher, then fell back again near the settlement time, trading inversely to moves in the U.S. dollar. Silver for September delivery SIU6, -0.22%  finished at $20.02 an ounce, up 15 cents, or 0.7%.

Among exchange-traded funds, the SPDR Gold Trust GLD, -0.69% lost 0.1% by the time gold prices settled, and the silver ETF iShares Silver Trust SLV, -1.04% shed 0.5%, while the VanEck Vectors Gold Miners ETF GDX, -0.83%  climbed 0.3%.

Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my