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Gold at risk of falling for third day in a row as stocks, dollar diverge

May 9, 2018

Gold prices eased Wednesday, at risk of logging a third straight decline, even as the dollar paused its latest run, which had landed the buck at levels last seen in December.

Inflation-wary financial markets could get fresh clues on the course of interest-rate hikes as the producer-price index for April is slated for release at 8:30 a.m. Eastern Time, followed by wholesale inventories numbers from March at 10 a.m.

June gold GCM8, -0.08% fell $1.20 to $1,312.30 an ounce. Prices are hovering just above the roughly two-month low grazed last week.

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