Photographer: Kerem Uzel/Bloomberg
Gold Falls to Lowest Since 2010 as Rising Dollar Curbs Demand
By and-
Probablility of Fed raising U.S. rates next month increases
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Higher dollar cuts demand for gold as alternative asset
Gold fell to the lowest in five years as speculation that U.S. policy makers will raise interest rates next month helped boost the dollar, curbing the metal’s appeal as an alternative asset.
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