Gold Prices Fall Over 2% on Stronger Dollar

Precious Metals

MarketWatch reported that the price of gold dropped as the US dollar rose over concerns about the Greek debt crisis.

MarketWatch reported that the price of gold dropped as the US dollar rose over concerns about the Greek debt crisis.

As quoted in the market news:

Gold for June delivery GCM2 -2.36%  sank $38, or 2.4%, to $1,538.60 an ounce, extending the week’s decline into a third session. Earlier, the contract fell by as much as $42.70 to touch a low of $1,533.90.

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