Metals Stocks: Gold churns near unchanged as haven assets snubbed


Gold futures languished near little changed in choppy action on Thursday, threatening a third straight loss, as concerns about troubled German financial giant Deutsche Bank eased and dulled the appeal of gold as a mostly short-term hideout.

What’s more, the dollar gained, which tends to send gold lower, as traders settled in for more Federal Reserve commentary. Fed remarks so far this week have pointed to a December U.S. rate increase.

December gold GCZ6, +0.03% was virtually unchanged from late Tuesday, at $1,323.70 an ounce but had been mostly lower earlier.

The ICE U.S. Dollar Index DXY, +0.05% edged up by 0.1%.

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