Gold falls after US Dollar gains ahead of US report

Source: Bloomberg
© Scanpix/Reuters
Gold fell in London after a stronger US Dollar curtailed demand for the alternative investment and on speculation the US economy is expanding. The US Dollar added 0.4% versus a six-currency basket amid speculation the Fed may reduce QE measures. Gold futures dropped 1% to $1,380.60 an ounce this morning in London.
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Wed, 29 May 2013 09:01:09 GMT

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