Gold retreats on firmer dollar

- March 18th, 2010

On Thursday, Gold slipped as the U.S. dollar strengthened against other currencies.

On Thursday, Gold slipped as the U.S. dollar strengthened against other currencies.

The press release is quoted as saying:

Spot gold was at $1,122.27 an ounce by 0621 GMT (2:21 a.m. ET), down $1.78 from New York’s notional close on Wednesday, when it hit a 1-week high at $1,132.80 on early gains in the euro before falling sharply after the release of U.S. producer prices data. Gold was still trading above the 50 and 100-day moving averages but it has lost about 2 percent in value since rallying to a 6- week high near $1,150 in early March.

Click here to access the entire press release

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