Gold, Other Metals Settle Lower After Strong Economic Data

By Wallace WitkowskiMarketsMarketWatch Pulse

Gold futures retreated from a two-year high Wednesday following strong economic data, along with rising stocks and a U.S. dollar. Gold for December delivery fell $7.90, or 0.6%, to settle at $1,364.70 an ounce. Similarly, silver for September delivery declined 23 cents, or 1.1%, to settle at $20.47 an ounce. The U.S. Dollar Index advanced 0.5% to 95.57, while the S&P 500 Index rose 2 points to 2,159.

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