05 November 2013

Gold Pares Advance in London as Dollar Strengthens

Bloomberg (05/11) – Gold trimmed gains in London as the dollar strengthened, curbing demand for precious metals as an alternative investment.Gold for immediate delivery climbed 19 cents to $1,314.54 an ounce by 7:33 a.m. in London after earlier today rising as much as $4.19, or 0.3 percent. The Bloomberg Dollar Index advanced 0.1 percent.