Gold under more pressure as dollar rises

On Wednesday, Gold forfeited its safe-haven status to the dollar, continuing to give up ground after dropping sharply overnight in step with a broad sell-off in commodities and stocks.

The press release is quoted as saying:

Spot gold XAU= was quoted at $1,170.55 at 0701 GMT versus Tuesday’s notional close of $1,170.65. Bullion hit a session low of $1,166.40 an ounce, Reuters data shows.

Click here to access the entire press release