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Gold Slips Nearly 3 Percent As Oil Falls, Dollar Firms

Dec 1st, 2008 | By Contrarian Profits | Category: Financial News, Gold Market

Gold fell nearly 3 percent on Monday as oil prices slipped more than $2 a barrel after OPEC’s decision to leave production unchanged at a meeting at the weekend, and as the dollar firmed against the euro.

Spot gold fell to a session low of $788.90 an ounce, and was quoted at $789.30/791.80 at 1143 GMT, down from $813.00 an ounce late on Friday.

Jan Harvey
London, Dec 1 (Reuters)

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By Contrarian Profits

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