Gold falls on rising dollar

Precious Metals

Reuters reports that Gold fell more than one percent on Friday.

Reuters reports that Gold fell more than one percent on Friday.

The market news is quoted as saying:

Spot gold lost as much as 1.9 percent to $1,382.99 an ounce, and recovered slightly to $1,383.35 by 0536 GMT, piercing below a 10-day moving average of $1,383.60. Spot silver XAG= fell more than three percent to $26.65 an ounce, and was trading at $26.76, on course for a third consecutive week of gains.

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