Gold Continues its Descent, Pushed Down by Strong Dollar

Reuters reported that a strengthening dollar continued to batter gold, pushing it down one percent on Monday, following a week of steep declines.

As quoted in the market report:

Spot gold lost 0.9 percent to $1,284.80 an ounce by 1351 GMT after its worst weekly performance last week since September 2011 pushed the price as low as $1,268.89. It is down 24 percent so far this year.

To view the whole Reuters report, click here.