Gold, metals hammered as dollar up, Scots head to polls Rising dollar hits gold prices following Fed meeting MADRID (MarketWatch) — Gold prices on Thursday dropped to their lowest level since at least January, leading a broad decline in the metals group after the Federal Reserve indicated that it was not inclined to move quickly to raise interest rates.
At last check, gold for December delivery GCZ4, -1.22% was down nearly $18, or 1.4%, to $1,218.10 an ounce. December silver SIU4, -0.93% lost 2% to $18.36 an ounce.
A day earlier, gold ended its modest winning streak, bogged down by concerns of a stronger dollar along with a bearish forecast from Barclays.
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