Gold and silver futures moved lower Thursday as the U.S. dollar held steady
against most of the worlds leading currencies. COMEX gold futures, per the
December 2011 contract, settled with a loss of $14.10, or 0.8%, at $1,668.50 per
ounce. Silver futures for December 2011 delivery on the COMEX fared worse,
finishing lower by $1.12, or 3.4%, at $31.67 per ounce. The sell-off in precious
metals coincided this morning with strength in the U.S. Dollar Index (DXY),
which climbed to as high as 77.43 this morning.
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