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Gold falls one per cent on higher dollar, euro zone concerns

Reuters Published December 29, 2011
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LONDON: Gold fell more than one percent to a three-month low on Thursday as the dollar rose against a basket of currencies and on renewed concerns over the euro zone debt crisis ahead of an Italian debt auction.

Spot gold fell to a low of $1,535.09 an ounce before trading at $1,535.59 at 1033 GMT from a close of $1,555.19 late in New York on Wednesday.

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