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    gold-investing

    Gold drops after rally as dollar rises

    Investing News Network
    May. 04, 2010 10:45AM PST
    Precious Metals Investing

    On Tuesday, Gold was driven lower by a stronger U.S. dollar after hitting its highest price this year yesterday.

    On Tuesday, Gold was driven lower by a stronger U.S. dollar after hitting its highest price this year yesterday.

    The press release is quoted as saying:

    Spot gold XAU= was quoted at $1,179.00 an ounce versus Monday’s notional close of $1,183.30. Intraday trading on Monday saw spot bullion climb to a 2010 high of $1,187.41 an ounce. U.S. June gold futures GCM0 dipped to $1,179.60 an ounce against a close of $1,183.30.

    Click here to access the entire press release

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