Gold sinks as the weekend begins
Gold sank through Friday's PM fix and continued falling below $623 as the weekend began.
"Prices are down because the Dollar is stronger," said one wag to the newswires. "Gold has come off quite a bit in the last few days."
Either he didn't notice or care that gold in fact reached new four-week lows in all major currencies. But analysts continue to watch the Dollar closely after US data pulled both ways on the currency markets.
First came news that US consumer prices, after falling for two months, were unchanged in November. But net capital inflows into the US rose in October, outstripping its trade deficit for the month.
That's a whole heap of money! China alone earned $24.4bn shipping cheap goods to the US in October – which is why the US sent a special gift to Beijing this week. For the whole story, click here now...