A report released by the Commerce Department on Thursday showed the U.S. trade deficit unexpectedly widened in the month of February. The Commerce Department said the trade deficit increased to $68.
The deficit in goods and services trade shrank 2% from the prior month to $63.2 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists called for a $64.9 billion gap.
Gold futures failed to hold early gains and settled slightly down on Tuesday as the dollar firmed against its peers with investors awaiting U.S. inflation data for clues about interest-rate moves by the Federal Reserve.
With the value of exports jumping and the value of imports falling, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed much more than expected in the month of August.