Bank Of Baku

Gold extends losses with higher U.S. dollar

Gold extends losses with higher U.S. dollar
# 15 October 2012 23:05 (UTC +04:00)
Baku-APA. Gold futures on the COMEX division of the New York Mercantile Exchange fell for the second straight session Monday, as larger demand for U.S. stocks and the pressure of a higher dollar caused the precious metal to close at its lowest level since mid-September, APA reports quoting Xinhua.

The most active gold contract for December delivery fell 22.1 dollars, or 1.26 percent, to settle at 1,737.6 dollars per ounce.
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