Gold Down 1 Percent on Stronger Dollar

Precious Metals

Reuters reported that gold prices fell slightly as the dollar strengthened.

Reuters reported that gold prices fell slightly as the dollar strengthened.

As quoted in the market news:

Spot gold was down 0.6 percent at $1,652.84 an ounce at 1508 GMT, off a low as $1,647.29 an ounce. The metal is on track for a third session of losses after a rally early in the week, sparked by Federal Reserve hints that accommodative monetary policy is set to persist, petered out.

Click here to read the full Reuters report.

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