Gold Declines as Strengthening Dollar Curbs Demand; Paulson Cuts Holding

Bloomberg reported that a stronger US dollar caused gold prices to fall for a second day.

As quoted in the market news:

Gold for December delivery fell 0.4 percent to $1,770.90 an ounce by 7:59 a.m. on the Comex in New York. Immediate-delivery gold was 0.6 percent lower at $1,769.88 in London.

Click here to read the full Bloomberg report.