Gold falls as dollar strengthens; silver drops to one-year low
Bloomberg.com reports silver fell to its lowest in a year while gold fell as the dollar strengthened.
The dollar gained against the euro even as reports showed the U.S. unemployment rate rose to a five-year high last month and foreclosures in the second quarter accelerated to the fastest pace in three decades. Gold has declined 22 percent from a March 17 record of $1,033.90 an ounce.
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Fri, Sep 5, 2008
Post by Melissa Pistilli, Silver Senior Reporter