Gold prices moved downward for nearly one and half months after witnessing an impressive rally during the June-September period. The Wall Street rally and a stronger dollar are the primary reasons for the gold price decline.
On Nov 12, gold price for December futures on Comex dropped $3.4 or 0.2% to settle at $1,453.70 per announce. This marked the four straight session of price decline and the lowest settlement for an active contract since Aug 1.
