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Gold Dec 24 (GCZ24.CMX)

COMEX - COMEX Delayed Price. Currency in USD
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1,845.10-83.10 (-4.31%)
As of 08:40AM EDT. Market open.
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  • Reuters

    Jewellery maker Pandora goes big on lab-made diamonds with North American launch

    Pandora, the world's largest jewellery maker, said on Tuesday it would move ahead with its bet on lab-made diamonds, following its announcement last year to stop selling mined diamonds. Copenhagen-based Pandora will launch a collection using unmined gems in North America this month, as it hopes to attract younger shoppers with cheaper and more sustainable stones guaranteed not to have come from conflict zones. The launch of 269 stores across the United States and Canada as well as online comes after a smaller pilot launch in Britain last year.

  • Reuters

    Gold extends losses on dollar strength, traders await Fed minutes

    Gold extended losses on Tuesday after posting its biggest drop in a month in the previous session, as a stronger dollar dented bullion's appeal, while investors watched for signs of further policy tightening by the U.S. Federal Reserve. Spot gold fell 0.2% to $1,775.30 per ounce by 0909 GMT, after falling more than 1% on Monday. The dollar, also considered a safe store of value along with bullion, benefited from a disappointing set of economic data out of China and a surprise rate cut by the country's central bank.