By: Jutia Group
August 19, 2008 at 11:20 AM EDT
Strong Dollar Rally Causes Gold Prices to Tumble
Gold prices tumbled below $800 per ounce for the first time since late 2007 Friday, as the continuing U.S. dollar rally sparked an across-the-board retreat in commodity prices. Gold closed Friday at $792 an ounce, a decline of $22.40, or 2.75%.…
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