Gold hits one-month low, down for second week

15 December 2009 | 03:21 Code : 19711 Geoscience events
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Gold futures fell Friday to the lowest level in nearly one month, marking their second...

Gold futures fell Friday to the lowest level in nearly one month, marking their second weekly loss, as upbeat retail and consumer-sentiment data pushed the U.S. dollar sharply higher, curbing gold’s appeal as bulwark against currency depreciation.Gold for December delivery fell $6.30, or 0.6%, to end at $1,119.40 an ounce on the Comex division of the New York Mercantile Exchange, the lowest settlement since Nov. 13. The contract ended the week down 4.2%.


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