Friday, 17 May 2013

CNBC: Gold Prices Falls as Fed Comments Lift Dollar

Gold fell for a seventh straight session on Friday, its longest losing streak in four years, after comments from a Federal Reserve official that the bank may soon rein in monetary easing lifted the dollar.

The U.S. unit approached a 10-month high against a basket of currencies after San Francisco Fed chief John Williams said the U.S. central bank could begin easing up on stimulus this summer.

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