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Gold slips from one-year high as dollar recovers

12 September 2017

USA gold futures for December delivery were also down 0.7 per cent at $1,341.70 an ounce. Of the 30 components on the Dow, 28 ended with gains. The index also notched its biggest one-day gain since April 24.

Monster storm Irma, which ripped a deadly path through the Caribbean, started to weaken Monday though it was still whipping parts of Florida with fearsome winds and rain, leaving 6.2 million people without power.

With the economic calendar lacking significant releases, the greenback continued its uptrend in Asia as, for the moment, investors ruled out extreme weather in the United States and fresh tensions in the Korean peninsula. The pair broke down through the ¥108 level for the first time since November 2016 on Friday and Friday's steep decline set the pair up for a 2.3% loss on the week, the biggest since November as investors flocked to the perceived safety of yen.

Traders on the floor of the New York Stock Exchange pause for a moment of silence on the 16th anniversary of the attacks on the World Trade Center, Monday, Sept. 11, 2017.

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Of course, the 1998 Test in Peshawar stands out for me because we won it and that helped us win our maiden Test series. With the ICC World XI reaching Pakistan to play three T20s in Lahore , former Pakistan skipper Wasim Akram is elated.

The S&P 500 hit a fresh record and the Dow Jones Industrial Average closed above 22000 for the first time in almost a month, as investors' fears eased about North Korea and Hurricane Irma.

The dollar was up 0.3 percent against the offshore yuan at 6.5269 yuan, off a low of 6.4437. The common currency had reached $1.2092, its highest since January 2015, on Friday when the dollar suffered a broad retreat.

Spot gold was down 0.7% at $1,337.61/oz.

In other precious metals, silver fell 0.4 percent to $17.86 an ounce, down from Friday's five-month high of $18.21, while platinum was down 0.8 percent at $996.49.

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He didn't get the chance to complete the comeback, though, as the Steelers - thanks to Antonio Brown - ran out the clock. Hue Jackson wants to run the ball this season and is counting on Crowell to give him reason to stick with that plan.

"The lack of an expected North Korean missile launch, and expectations that Hurricane Irma will have less of an impact than previously anticipated led to a rekindling of "risk-on" sentiment", said John Sharma, economist at National Australia Bank. US gold futures GCcv1 fell about 1.3 percent to settle at $1,335.70 an ounce.

The financials group rose 0.7 percent as global bond yields, which had been weighed over recent weeks by safe-haven demand, rebounded.

"If you look at all the factors, it's not necessarily negative overall for the dollar", said Masafumi Yamamoto, chief forex strategist at Mizuho Securities, citing the relative strength of the US economy and investors' hope that a USA tax reform plan will eventually be passed. "Mr Harker has been known to hold hawkish views but it will be interesting to see if still feels the same in light of some underwhelming United States economic data". Tuesday's lone economic report - the Job Openings and Labor Turnover Survey (JOLTS) for July will be released at 10:00 ET.

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Gold slips from one-year high as dollar recovers