Gold Drops Most in a Week on Bets Dollar to Extend Rally

Bloomberg reports that Gold fell the most in a week on speculation that the dollar will extend a rally.

The market news is quoted as saying:

The greenback rose against the euro and the yen as U.S. economic data pointed to a recovering economy with a low inflation rate. The U.S. consumer-price index increased 0.1 percent in November. Before today, gold gained 28 percent this year, reaching a record $1,432.50 an ounce on Dec. 7.

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