Monday, October 17, 2011

Gold Futures Stalled by U.S. Dollar Rally

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DG365FD46564GFH654FU898 Gold futures settled modestly lower Monday amid a rally in the U.S. dollar and broad-based weakness in the commodities complex. COMEX gold futures, per the December 2011 contract, finished with a loss of $6.40, or 0.4%, at $1,676.60 per ounce. The yellow metal subsequently slid to an intra-day low of $1,665.40 in electronic trading, but later bounced back above the $1,670 level. Silver futures fared considerably worse than their precious metal



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