'Vulnerable' Gold at Seven-Week Low as Dollar Recovers Losses
- U.S. currency and stock gains erode bullion’s haven appeal
- Prices may worsen if gold dips below key level: Commerzbank
Dollar Weakens Amid Positive and Negative Data Surprise
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Gold fell the most since December as gains in the dollar and higher equity prices limited demand for haven assets.
The dollar rose against other G-10 currencies and U.S. stocks advanced for a second session, while the yield on the U.S. 10-year note touched the highest since May 16. Higher yields dampen the allure of non-interest bearing gold.