Gold Down 1 Percent on Stronger Dollar

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.