Stronger Dollar Sets Gold Up for a Poor Run

Bloomberg reported that gold prices could drop as investors may show preference for the dollar.

As quoted in the market news:

Bullion for immediate delivery fell 0.2 percent to $1,577.25 an ounce by 9:14 a.m. in London. Prices are 5.3 percent lower in May for a fourth monthly decline, the longest losing run since 1999.

Click here to read the full Bloomberg report.