Friday, October 12, 2007

Gold Falls as Dollar Strengthens on Retail Sales


Gold/XAU Ratio 4.18

Gold for December delivery fell $2.90 to $753.80 an ounce on the New York Mercantile Exchange. For the week, gold still gained $6.60, or 0.9%.
Metals mining shares still advanced with the broad market on Friday, with the Amex Gold Bugs Index (HUI:amex gold bugs index 413.34+2.87+0.70%

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