Gold slides to three-week low as dollar rises, stocks rebound - Dealers Care

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Thursday, 1 November 2018

Gold slides to three-week low as dollar rises, stocks rebound

By Karthika Suresh Namboothiri and Sethuraman N R BENGALURU (Reuters) - Gold fell to a near three-week low on Wednesday as the dollar scaled a 16-month peak and a stock market rebound stirred renewed appetite for riskier investments. However, the metal stayed on track for its best month since January, with a 1.7 percent gain in October. That would end a six-month decline driven by stock market volatility, the longest losing streak since the period from August 1996 to January 1997.

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