Gold Prices Slip on Higher Dollar

Bloomberg reported that gold prices were down as the dollar rallied against the euro.

As quoted in the market news:

Gold futures for February delivery declined 1.9 percent to $1,534 an ounce at 9:51 a.m. on the Comex in New York. The metal headed for a sixth straight day of declines, which would be the longest slide since March 4, 2009.

Click here to read the full Bloomberg report.