Gold prices rise to $2,800 a troy ounce as traders look to lock up a bargain

The dollar index advanced to a two-month high against a basket of currencies, but the gold price fell to a new record low, as traders rushed to lock in an early profit.

The dollar traded at about 85 cents US, up $1.10.

The index ended above 84 cents US.

The gold price is up 2% this year.

The Dow Jones industrial average rose 123.66 points, or 0.3%, to 17,058.30, the S&P 500 added 115.20 points, 1.6%, to 2,095.80 and the Nasdaq composite added 9.15 points, 0.5%, to 7,542.80.

The dollar index rose to 82.45, the euro was up 0.4%, and the yen was at ¥115.47.

The Nasdaq and the Russell 2000 finished at 0.13 and 0.05 respectively.