Stronger Dollar Drags Down Gold Prices

- November 14th, 2011

The Street reported that a stronger dollar put pressure on gold prices and caused them to fall.

The Street reported that a stronger dollar put pressure on gold prices and caused them to fall.

As quoted in the market news:

Gold for December delivery closed down $9.70 at $1,778.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,797.60 and as low as $1,774.20 an ounce while the spot price was shedding $10, according to Kitco’s gold index.

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