Gold, Silver Tumble as Dollar Gains

Bloomberg reports that gold and silver futures tumbled the most in three weeks as the dollar climbed.

The market news is quoted as saying:

The greenback rose for the third straight day against a basket of six major currencies on speculation that an extension of tax cuts will spur the U.S. economy. Gold has gained 26 percent this year, reaching a record $1,432.50 an ounce yesterday.

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