Gold Falls From Near Record as the Dollar Gains; Silver Declines
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Gold declined in New York, after nearing a record, as a stronger dollar curbed demand for the precious metal as an alternative asset. Silver fell from a 30-year high.
After touching records the previous two sessions, gold traded 20 cents below the high set Nov. 5 before retreating. The euro slid against the dollar on concern that Ireland will struggle to plug its budget deficit. Before today, gold gained 28 percent this year, touching a record $1,398.70 an ounce last week, as the dollar fell to a nine-month low versus the euro.