CHICAGO, May 11 -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday as the U.S. dollar index rose. The most active gold contract for June delivery fell 16.60 U.S. dollars, or 0.81 percent, to close at 2,020.50 dollars per ounce. The U.S. Labor Department reported Thursday that the U.S. producer price index (PPI) rose 0.2 percent in April, lower than expected. On an annual basis, PPI rose 2.3 percent, down from 2.7 percent in March and the lowest reading since January 2021.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-05-12-story-h-270705507-Gold_falls_on_strength_of_U_S_dollar

#i3investor