Friday, December 11, 2009

US Gold Falls to One-Month Low as Dollar Rallies – 12/11/2009

by Bullion Prices Staff on December 11, 2009

A rallying US dollar drove New York gold futures lower on Friday. The greenback rose to a one-month high against other world currencies while the yellow metal finished toward a one-month low, marking a second straight weekly loss. Gains in retail sales and consumer confidence numbers were cited reasons for the dollar’s rise. A stronger […]