Gold prices continued to fall Tuesday, posting the lowest settlment price in more than five years as the dollar strengthened versus major rivals.
Stocks also rallied, denting gold’s safe haven appeal.
December gold dropped $15, or 1.4%, to settle at $1,068.60 an ounce on Comex.
In economic news, U.S. CPI rose by a seasonally adjusted 0.2% last month, the government said Tuesday. It was the first rise in a few months, but is unlikely to convince the Federal Reserve it is time to raise interest rates.
The material has been provided by InstaForex Company – www.instaforex.com