Gold futures drop on stronger dollar, falling oil

NEW YORK (MarketWatch) — Gold futures dropped more than 1% early Friday, pressured by falling oil prices and a rally in the U.S. dollar against other major currencies. Gold for December delivery fell $9.60 to $829.40 an ounce in electronic trading on Globex. On Thursday, gold rose $22.70, or 2.8%, to close at $839 an ounce on the New York Mercantile Exchange.
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Original post by Forextvblog

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