Metals Stocks: Gold ends lower as dollar strengthens at the expense of the British pound [MarketWatch]
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Source: MarketWatch
Gold ends lower as dollar strengthens at the expense of the British pound Gold futures ended with a loss on Monday, pulling back from the nearly five-month high they settled at late last week, as the U.S. dollar strengthened at the expense of the British pound. Gold for February delivery GCG9, -0.24% on Comex fell by $3.20, or 0.3%, to settle at $1,249.40 an ounce, while March silver SIH9, -0.55% lost 0.6% to $14.605 an ounce. Read: Silver is primed to take the spotlight from its metal peers Gold notched its highest close since July on Friday as it logged its biggest weekly gain since August, all in the wake of market turmoil that sent stocks reeling and pressured Treasury yields and the U.S. dollar. Gold “losses were limited on expectations that there might be a pause in the [Federal Reserve interest] rate hike cycles in 2019—sooner than expected,” said analysts at ICICI Bank, in a daily market report. The U.S. economy created 155,000 new jobs in November to keep the unemplo
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