A resilient dollar extended its rally thanks to strong US economic data that further made a Federal Reserve interest-rate increase next month as certain as death and taxes.
US Fed Mining News
The precious metal has lost over 8% so far this year.
Fed says 'labor market indicators were mixed but on balance showed further improvement.'
It plunged as much as 3% to $1,198 an ounce, the lowest price in almost six months.
Could represent as much as $600 million worth of traded assets.
The Federal Reserve shocked the financial world last week, defying universal expectations.