Gold Prices End At 1-week Low

By Myra P. SaefongMarketsMarketWatch Pulse

Gold futures fell sharply Thursday, as weakness in the euro, following the European Central Bank's monetary policy meeting, strengthened the U.S. dollar. The ICE U.S. Dollar Index was up 0.3%, raising its week-to-date gain and contributing to weaker investment demand for dollar-denominated gold. The August contract for the yellow metal dropped $13.70, or 1.1%, to settle at $1,279.50 an ounce.

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