Gold May Drop the Most in Three Months

- December 12th, 2011

Reuters reported that a stronger dollar positioned gold for its biggest fall in three months.

Reuters reported that a stronger dollar positioned gold for its biggest fall in three months.

As quoted in the market news:

Spot gold was last quoted down nearly 3 percent at $1,659.66 an ounce by 1508 GMT, having dropped by as much as 2.8 percent earlier to a low at $1,662.39, its lowest in three weeks, after breaking through $1,680.00, a major support line.

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