Dollar Recovered, Gold Price Fell

This week a high dollar rate pushed gold prices to a five-month low, and weighed on other commodities, while oil elongated support from worries over supply and global security.
The dollar-priced raw materials became more expensive for many buyers outside of the United States. The sudden high rate of US currency was determined by Societe Generale analyst Stephen Briggs as ?the common threat to all the metals?.
Gold prices fell to their lowest level for five months, hitting 389.95 dollars on Thursday. "Continual pressure from the currency markets following the dollars steady rally against the major currencies has pushed gold back below the 400-dollar level," said analyst James Moore at TheBullionDesk.com.
By Friday afternoon, gold prices had fallen to 394.50 dollars an ounce on the London Bullion Market from 400.85 a week earlier.