Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures fell Thursday, pressured as the dollar traded higher against Japan's yen and the euro in the wake of data showing broader U.S. nonmanufacturing growth as well as the fastest growth rate for U.S. private-sector employment in seven months.

Gold for August delivery was down $2.40 to stand at $653 an ounce in morning action on the New York Mercantile Exchange. The benchmark contract had fallen $3.80 an ounce on Tuesday. Trading was closed Wednesday for the Independence Day holiday. See full story.