Gold falls to 8-month low on rising U.S. dollar

Mon Aug 11, 2008 9:26pm EDT
 
[-] Text [+]
 SINGAPORE, Aug 12 (Reuters) - Gold extended losses on
Tuesday and tumbled to its weakest in almost eight months on
the rising U.S. dollar and general weakness in commodities
markets, which reduced its safe-haven appeal.
 Gold XAU= hit intraday low of $801.90 an ounce, its
lowest level since late December, down from $819.25/820.85 an
ounce late in New York on Monday. Platinum XPT= fell 3
percent to $1.468 an ounce.
 The euro hits six-month low against the dollar at below
$1.4880 EUR=.
 (Reporting by Lewa Pardomuan; Editing by Louise Heavens)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better