Gold falls on rising dollar

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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