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Gold prices fall back to a more than 15-month low

Gold futures declined on Wednesday as the U.S. dollar found its footing following a brief pullback, dragging prices for the metal back down to their lowest settlement in more than 15 months.

Price action
What analysts are saying

A softer dollar “offered the precious metal some breathing room earlier in the week, but bears are clearly in the vicinity,” said Lukman Otunuga, manager, market analysis at FXTM. The ICE U.S. Dollar index DXY was 0.5% higher in Wednesday dealings, putting pressure on dollar-denominated…

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