Gold Price Pounded by Dollar

Publish on TheStreet.com by Alix Steel
December 23, 2010 8:55am EST

The US dollar index hit a 3.5 month high on Tuesday. This pushed Gold prices under $1.100/oz. Currently the US dollar is losing some ground, falling .25% to $78.11, while Gold was flat at $1,087/oz, but volatility is expected to continue into 2010 on light volume and more long selling. James Moore, analyst at thebulliondesk.com was quoted as stating "In the run-up to year end, we expect Gold to see further pockets of long liquidation, potentially pulling back to the $1,050 area", To read the entire article go here. Check out TheStreet for the latest stock market news and finacial investment headlines.