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Price of Gold News from Bloomberg

Posted 29th December 2014 at 09:45 PM by GoldFather (Your GoldFather Figure)

Gold Drops in New York as Dollar Touches Five-Year High
By Joe Deaux - Dec 29, 2014

Gold futures fell for the fourth time in five sessions as the dollar touched a five-year high, damping investor demand for the metal as a store of value.

The Bloomberg Dollar Spot Index rose to 1,133.26, the highest since 2009, amid signs that the U.S. economy is improving. Holdings in exchange-traded funds backed by bullion fell 0.6 percent last week, extending a drop to the lowest...
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