Gold Slides as Dollar Profits from Euro Woes

- November 16th, 2011

Reuters reported that gold prices fell on a stronger US dollar.

Reuters reported that gold prices fell on a stronger US dollar.

As quoted in the market news:

Gold fell broadly, dropping in most of the major currencies, including in euros, although bullion denominated in the single European currency has easily outperformed Bund futures, European benchmark equities, the trade-weighted euro and peripheral euro zone debt this month. Gold priced in dollars was last down 1.3 percent on the day at $1,758.30 an ounce by 1534 GMT, set for its first weekly decline in five weeks.

Click here to read the full Reuters report.

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