The price of gold had surged in the years immediately after the 2008 financial crisis, topping out at nearly $1,900 an ounce in August 2011
The price of gold had surged in the years immediately after the 2008 financial crisis, topping out at nearly $1,900 an ounce in August 2011
Many other commodities took a heavy knock from the rebounding dollar, with precious metal gold striking a five-year low point.
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Spot gold was down 0.7 per cent at $1,155.54 an ounce by 0954 GMT, after posting three straight weekly declines.