| From Theaustralian.news.com.au: Gold and other precious metals fell sharply in New York amid commodity-wide weakness as the US dollar surged. They also linked some of gold's weakness to a decline in equities, with long liquidation continuing.
Funds were among the sellers, said George Gero, vice president with RBC Capital Markets Global Futures. December gold fell $US13.70 to $US732.80 an ounce on the Comex division of the New York Mercantile Exchange. December silver lost US41.5 cents to $US9.805..... Full Article: Source
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