Gold Resumes Slide, Settles 0.8% Lower As Dollar Strengthens

By Wallace WitkowskiMarketsMarketWatch Pulse

Gold prices dropped to settle lower Tuesday, following a brief reprieve Monday, as the dollar strengthened and stocks edged higher. Gold for February delivery settled down $9.10, or 0.8%, at $1,133.60 an ounce as the U.S. Dollar index ticked up 0.1% to its highest levels since December 2002. On the other hand, silver for March delivery settled up 2.8 cents, or 0.2%, at just under $16.12 an ounce.

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