Gold Dips Back Below $1, 100 as Dollar Rises

30 December 2009  The Australian

The Australian

GOLD closed lower today in New York, initially falling on book squaring as the market ignored a weaker US dollar, with the metal’s losses later accelerating when the dollar index turned slightly higher.

Lightly traded but nearby December gold fell $US10.20 to $US1097 an ounce on the Comex division of the New York Mercantile Exchange. Most-active February gold lost $US9.80 to $US1098.10.

http://www.nytimes.com/aponline/2009/12/29/business/AP-US-Commodities-Review.html?_r=1