Gold hits seven-month low

THE strength of the US dollar continues to put the gold price under pressure.

Gold hits seven-month low Gold hits seven-month low Gold hits seven-month low Gold hits seven-month low Gold hits seven-month low

Gold futures closed 1.4% lower at US$1774.80 an ounce, the lowest close since June, though the price fell to similar levels intraday in late November.

Futures dropped as low as $1767.

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