Gold Sinks to 9-Month Low, Pressured by Surging U.S. Dollar

Gold prices are lower and fell to a nine-month low in early U.S. trading Tuesday. The yellow metal continues to be hamstrung by a powerful rally in the U.S. dollar and is now close to falling below major psychological support at the $1,200.00 level. December Comex gold was last down $10.20 at $1,208.50 an ounce. Spot gold was last quoted down $6.80 at $1,208.60. December Comex silver last traded down $0.337 at $17.23 an ounce.

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