| Gold prices fell Wednesday as the dollar climbed and investors discounted the possibility of a conflict between Russia and Turkey. Gold for December delivery, the most actively traded contract, closed down 0.4% at $1,070.00 a troy ounce on the Comex division of the New York Mercantile Exchange.
The Wall Street Journal Dollar Index, which measures the buck against a basket of 16 currencies, was up 0.1% to 90.41, near a 13-year high reached earlier this month. A stronger dollar puts pressure on gold, which is priced in the U.S. currency and becomes more expensive to foreign buyers when the buck rises...............................................Full Article: Source
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