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Gold In A Rut As Dollar Steadies

Gold futures edged lower for a second day Tuesday as the dollar found its footing after 15-month lows.

December gold settled $2.10, or 0.2%, lower at $1,262.60/oz.

The precious metal hit 8-week highs to start August, but has since leveled off amid mixed economic data, including July's strong jobs report.

Meanwhile, the number of job openings surged to a record 6.2 million in June, the Bureau of Labor Statistics announced Tuesday.

The Federal Reserve may raise interest again this year as long as the economy holds up.

by RTTNews Staff Writer

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