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Gold Investing News reports gold prices fell slightly lower in Europe on Friday as a stronger U.S. dollar dented interest in the precious metal. Spot gold was bid at US$ 950.20 an ounce against $954.00 an ounce late in New York on Thursday. The culprit? “A stronger dollar, oil coming off the highs,” said Calyon …
Gold Investing News reports gold prices fell slightly lower in Europe on Friday as a stronger U.S. dollar dented interest in the precious metal.
Spot gold was bid at US$ 950.20 an ounce against $954.00 an ounce late in New York on Thursday. The culprit? “A stronger dollar, oil coming off the highs,” said Calyon metals analyst Robin Bhar. “We have yet to reclaim the $960 level so I think as gold remains below that, there is always a risk of a move back towards the $930-$940 level, where there is strong support.”
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