Gold News & Info

Source: Marketwatch

SAN FRANCISCO — Gold futures fell as much as $17 an ounce Thursday, surrendering much of the prior session's strong gains, as traders watched movements in the oil and currency markets.

Gold for December delivery fell $15.50 to $816 an ounce on the New York Mercantile Exchange. It touched a low of $814.20 earlier in the trading session.

On Wednesday, gold rose $16.90 to close at $831.50 an ounce in Nymex action, regaining some ground after shedding nearly 12% in value during an eight-session losing streak.

"Prices will remain highly sensitive to energy price movement and dollar direction," said analysts at Action Economics.

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