Gold and silver futures turned sharply lower Wednesday morning as the U.S.
dollar rallied against a basket of the worlds leading currencies. COMEX gold for
February 2012 delivery dropped $23.20, or 1.5%, to $1,572.30 per ounce, while
silver futures tumbled $1.27, or 4.4%, to $27.47 per ounce. Earlier this morning
precious metals traded only fractionally in the red, but extended their losses
as the U.S. Dollar Index (DXY) climbed 0.6% to 80.323.
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