Posted AT 5:29 PM EDT on 13/05/08
Gold falls almost 2% as U.S. dollar rises
NEW YORK, LONDON — Gold dropped almost 2 per cent Tuesday, hitting an eight-day low as the U.S. dollar rose after unexpectedly strong April core U.S. retail sales figures robbed bullion of some of its appeal as an alternative investment.
Gold's weakness spurred selling in other precious metals.
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