Gold News & Info

Source: Marketwatch

New York— Gold futures dropped sharply Friday, along with the prices of many other commodities, as strength in the dollar weighed on the precious metal. Other metals prices posted steeper declines in early trading on the New York Mercantile Exchange. Gold for April delivery fell $19.80, down 2%, to $929 an ounce. On Thursday, gold futures finished down 40 cents an ounce.

"The trade today seems to be keeping on the dollar rally and energy weakness," said Zachary Oxman, a senior trader at Wisdom Financial. "I find traders reluctant to take long positions at this point and gold remains range-bound and listless," Oxman said. "I see technical trading and a lack of big information as a driver for today's trade." See full story.