Gold Slides After Strong U.S. Economic Data

gold usd

(Kitco News)- Gold futures prices at Comex have lost their slight earlier increases and have run below unmoved in late-morning dealings Tuesday.

The U.S. economic reports that were released Tuesday morning that shattered the market prospects and moreover suggest the U.S. economy is starting to be more effective. That pushed up the U.S. dollar index, which sequentially made some downside price pressure on gold. August gold last traded up $0.40 an ounce at $1,277.50.