Gold price down on stronger US dollar

Chicago (Dec 7)  Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as the US dollar showed strength.

The most active gold contract for February delivery fell 8.9 U.S. dollars, or 0.82 percent, to settle at 1,075.20 dollars per ounce.

Likewise, spot silver dropped more than 2% to $14.27, while platinum plummeted $30 to $853 as palladium also declined $10 to $551.

Source: Xinhua