17
December
Gold falls 1 percent as stronger dollar weighs
17 December 2009 Reuters
Spot gold was bid at $1,125.90 an ounce at 1002 GMT (5:02 a.m. EST), against $1,137.80 late in New York on Wednesday. In that session it climbed as high as $1,141.50.
"As the markets get further confirmation that the U.S. economy is gathering strength, the dollar's strength may force gold to slide lower," Pradeep Unni, a senior analyst at Richcomm Global Services, said.
