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Gold ends lower amid concerns (2)

(Xinhua)

08:23, November 14, 2012

Market analysts say uncertainties linked to the European debt crisis and the U.S. fiscal cliff pressured the trading along with a stronger U.S. dollar.

Strength in the dollar tends to weigh on dollar-denominated metal prices, such as gold. The ICE dollar index, a geometrically- averaged calculation of a basket of six currencies weighed against the U.S. dollar, traded at 81.061, off the day's high of 81.241, still up from 81.052 late Monday.

Silver for December delivery dropped 3.5 cents, or 0.11 percent, to close at 32.487 dollars per ounce.

【1】 【2】



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