22
March
Gold Prices Edge Lower (GC in WSJ)
22 March 2010 Wall Street Journal
The combination of a muscular U.S. dollar and an Indian interest-rate increase acted as a one-two punch, sending gold futures reeling Friday.
Then the knockout blow came when the market fell through technical levels that triggered additional selling, pushing the metal to its lowest level in a week.
Lightly traded but nearby March gold fell $20, or 1.8%, to settle at $1,107.40 an ounce on the Comex division of the New York Mercantile Exchange, snapping a four-session winning streak. Even so, it ended up 0.5% for the week, its fourth weekly gain in the last six.
