Gold drops to three-week low as dollar strengthens
By Polya Lesova & Myra P. Saefong, MarketWatch
Last Update: 7/29/2008 12:25:00 PM
SAN FRANCISCO (MarketWatch) — Gold futures fell more than 1% Tuesday to touch
their lowest level in three weeks, as easing oil prices and a stronger U.S.
dollar left traders inclined to sell the precious metal.
Gold for August delivery [...]
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Prices turn higher after Fed rate decision and statement
SAN FRANCISCO (MarketWatch) — Gold futures on Tuesday tallied a loss of more than $36 an ounce during a three-session losing streak that brought prices to their lowest level since mid June.
The metal followed a decline in oil prices and saw pressure from U.S. dollar strength, which eased demand for the precious metal.
But gold [...]