LOS ANGELES / MarketWatch, (29/8) — Gold futures fell Thursday, with a gain in the U.S. dollar on Syria-related concerns tugging at prices after they climbed to their best levels in nearly three months. Gold for December delivery declined $9.20, or 0.7%, to $1,409.70 an ounce in electronic trading. The move followed a rise in the U.S. dollar against key rivals, extending gains from Wednesday as investors awaited word on possible U.S.-led military action against Syria, which the White House said used chemical weapons in an attack near Damascus last week. Syria has denied the accusation. If the dollar strengthens, dollar-denominated commodities such as gold become more expensive for holders of other currencies to purchase, which can in turn depress futures prices. Gold on Wednesday slipped 0.1% on the Comex division of the New York Mercantile Exchange, but it had bounced up to as high as $1,434 an ounce in electronic trade.
