Gold for immediate delivery dropped $1.60, or 0.2 percent, to $690.35 an ounce at 10:21 a.m. in London as the dollar rose for a second day against the euro. Silver declined 4.5 cents to $13.895 an ounce.
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Gold Fell On Dollar's Gain
Gold fell from an 11-month high after the dollar gained against the euro
Gold fell from an 11-month high after the dollar gained against the euro, eroding investor demand for the precious metal as an alternative investment. Silver also declined.
Gold gained 23 percent last year as the dollar dropped 10 percent against the euro. The metal earlier today climbed to $695.25 an ounce, the highest since May 18.
Gold for immediate delivery dropped $1.60, or 0.2 percent, to $690.35 an ounce at 10:21 a.m. in London as the dollar rose for a second day against the euro. Silver declined 4.5 cents to $13.895 an ounce.
Palladium for immediate delivery fell 50 cents to $384.50 and platinum dropped $4 to $1,324 an ounce.
Gold for immediate delivery dropped $1.60, or 0.2 percent, to $690.35 an ounce at 10:21 a.m. in London as the dollar rose for a second day against the euro. Silver declined 4.5 cents to $13.895 an ounce.
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