Gold Prices Drop With Stock Rebound, Strong Dollar

By Anonymous

Friday’s price declines follow a nearly 3% rise Thursday

Gold prices edged lower Friday, as some investors cut positions in the safe-haven metal amid a rebound in stocks and a stronger dollar.

Gold for December delivery was down 0.5% at $1,222 a troy ounce on the Comex division of the New York Mercantile Exchange. The day’s declines follow a nearly 3% rise Thursday, gold’s biggest gain in more than two years.