Gold Prices Drop to 2-Month Low

Reuters reported that the price of gold fell to its lowest since the middle of January due to a higher dollar and stronger economic data.

As quoted in the market news:

Spot gold was down 1.7 percent at $1,645.26 per ounce by 1547 GMT, having hit a low of $1,640.95 – its lowest since Jan. 16. U.S. April gold shed almost percent to $1,645.20 per ounce. Silver was influenced by gold, falling 2.5 percent.

Click here to read the full Reuters report.