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Spot gold falls over 2% below $1,170/oz on dollar

Published on Fri, Nov 27, 2009 at 15:54 |  Source : Reuters

Updated at Mon, Nov 30, 2009 at 16:11  

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Spot gold falls over 2% below $1,170/oz on dollar

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Spot gold briefly fell as low as USD 1,166.75 per ounce on a recovery in the dollar on Friday, down 2.2 % from the notional close in New York, before paring the losses to claw back above USD 1,170.

Bullion hit a fresh record high of USD 1,194.90 on Thursday before the dollar bounced from 15-month lows on concern over debt problems in Dubai.

  

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