Tuesday, 30 August 2016

A Stronger Dollar Pressured Gold on August 30

Gold was stable in the early morning hours on Tuesday, August 30, but fell during the day under the weight of a stronger dollar. At 1:35 PM EDT on August 30, the COMEX gold futures contract for December delivery was trading at $1,315.85 per ounce, a drop of ~0.85%.

The COMEX silver futures contract for September delivery was trading at $18.56 per ounce, a drop of ~1.1%. Please read How Did Copper, Gold, and Silver Perform Early on August 30? to see how metals traded early on Tuesday morning.
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