Wednesday, October 9, 2013

Gold Drops as Dollar Rebounds



“The dollar’s strength pushed gold lower,” Tom Power, a senior commodity broker at R.J. O’Brien & Associates in Chicago, said in a telephone interview. Gold futures for December delivery dropped less than 0.1 percent to settle at $1,324.60 an ounce. Other metals like silver, platinum etc …

Silver futures for December delivery climbed 0.3 percent to $22.443 an ounce. Earlier, the metal reached $22.525, the highest since Sept. 20.

On the New York Mercantile Exchange, platinum futures for January delivery advanced 0.1 percent to $1,403.70 an ounce.


Palladium futures for December delivery rose 1.4 percent to $714.90 an ounce.

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