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Gold falls on declining euro
Gold fell Thursday on the declining euro and a lack of optimism the Federal Reserve plans to increase stimulus in the near future, analysts said.
Gold for August delivery fell $10.40, or 0.7 percent, to $1,565.30 a troy ounce on the Comex division of the New York Mercantile Exchange.
The euro fell below $1.22 Thursday, recovering slightly to $1.2206 late in the day. Against the yen, the dollar was 79.28 yen from 79.31 yen.
The British pound was $1.5433 from $1.5428.
The Intercontinental Exchange Dollar Index was up 0.18 percent to 83.62.
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