USD 73.2351

+0.08

EUR 85.956

+0.03

BRENT 45.02

-0.28

AI-92 43.34

-0.01

AI-95 47.57

-0.03

AI-98 53

+0.01

Diesel 47.93

+0.01

74

Gold Closed Lower Monday

Traders said the metal could slide toward $430 support on liquidation...

Gold closed lower Monday after brief 16-week peak of $440 per ounce, at traders cashed in on gains with the dollar firming against the euro and oil prices continue falling.

Gold futures for the December delivery lost $1 to $437.30 an ounce on the New York Mercantile Exchange's COMEX division.
In overnight NYMEX ACCESS electronic trading, December gold touched a new contract peak at $440.60, which was the highest for futures since July 1988. The session low was $436.30.

A firmer dollar typically dents demand for the precious metal, which is priced in gold, for non-U.S. buyers.
Traders said the metal could slide toward $430 support on liquidation out of the towering speculative net long position in the market.