Dollar Firmed Against Euro, Gold Fell

Gold dropped from a new 11-month high on Thursday on profit-taking after the dollar firmed against the euro.

Spot gold rose as high as $691.50 per ounce, surpassing an 11-month high of $691 on April 16, but profit-taking kicked in as the dollar strengthened against the euro, while Japanese gold futures tumbled nearly 1.5 percent due to the yen's broad rally.