NY gold reverses to end lower on dollar strength

Newswire

NEW YORK, Jan 19 (Reuters) - U.S. gold futures settled fractionally lower on Wednesday, giving back all of their earlier gains on the back of a firmer U.S. dollar as the market digested a slew of U.S. economic data that may suggest further U.S. interest rate hikes, dealers said. "It was a direct relationship with the weakening of the euro and the strengthening of the dollar and the inability for the metals to hold up on their own, so it's totally currency related," said Scott Meyers, ...

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