Monday, December 21, 2009

Gold falls on economic optimism, stronger dollar

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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Gold futures edged lower Monday on expectations that key data due this week might bring closer an eventual interest-rate hike in the U.S., curbing inflation expectations and reducing gold's investment appeal.

Meanwhile, the dollar erased its losses against the euro, weighing on dollar-denominated gold prices.
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