Gold declines as dollar's strength curbs demand

December 29, 2014

London (Dec 29)  Gold today fell on speculation that gains last week were exaggerated amid prospects for a stronger dollar and weak investor demand.

 Gold fell 0.2 per cent to $1,193.18 an ounce. However, silver rose 0.3 per cent to $16.12 an ounce. The metal rose 1.9 per cent on December 26, the biggest gain in more than two weeks, on speculation that China will take more measures to bolster the economy.

Source: EconomicTimes.india

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