Gold falls below 1,500 USD per ounce as dollar strengthens

14:36, June 29, 2011      

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Gold jewelry is on display in a shop in Lianyungang, a city in East China's Jiangsu province on June 28, 2011. Gold futures on the COMEX Division of the New York Mercantile Exchange further declined on June 27, settling below the 1,500-U.S.-dollar mark as the decline in other commodities weakened concerns over inflation. A strengthening U.S. dollar also added to the negative sentiment. The most active gold contract for August delivery lost 4.5 U.S. dollars, or 0.3 percent, to 1,496.4 U.S. dollars per ounce. That was gold's lowest closing price and the first settlement below the key mark of 1,500 U.S. dollars since May 19. (Xinhua/Wang Chun)


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http://english.people.com.cn/90001/90783/91300/7424466.pdf