Monday, 15 October 2012

Gold drops to 13-day low on dollar strength, technical selling


MTECHTIPS

Gold drops to 13-day low on dollar strength, technical selling

Gold futures fell to the lowest level in almost three weeks during European morning hours on Monday, as uncertainty over Spain’s position on formally requesting a bailout from its euro zone partners persisted, boosting demand for the safe haven U.S. dollar.

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