Gold News & Info

Source: Marketwatch

San Francisco— Gold futures closed modestly lower Wednesday to tally a loss of more than $12 an ounce during a losing streak that has now spanned three sessions. Traders, jittery over conditions in the U.S. and other economies, have been selling commodities in favor of safer assets like Treasurys.

Gold for August delivery fell by 50 cents to close at $644.80 an ounce on the New York Mercantile Exchange. That's its weakest closing level since mid-January. The contract briefly traded in positive territory during the session to touch a high of $647.50. See full story.