Monday, December 7, 2009

Gold tarnished by dollar run

Gold prices extended their decline for a second straight session Monday as the dollar continued to rise.

Gold for February delivery slipped $26, or 2.22%, to $1,143.50 a troy ounce early Monday. Gold prices fell sharply Friday after after a much better-than-expected jobs report from the government showed employers trimming a mere 11,000 jobs in November as the unemployment rate ticked down to 10% from 10.2% in the prior month.

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