Rise in USD causes gold price slump

The gold price sank to a one week low, back below US$1470 an ounce.

Rise in USD causes gold price slump Rise in USD causes gold price slump Rise in USD causes gold price slump Rise in USD causes gold price slump Rise in USD causes gold price slump

US dollar rise pushed gold back below US$1470 an ounce

Comex gold futures dropped to $1464.70/oz, a one-week low.

Spot gold traded at $1464/oz or A$2157.86/oz.
 
The gold-heavy TSX Metals & Mining index was down 1.

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