Gold Declines on Stronger Dollar: Report

Gold futures declined for the first time in three days as a stronger dollar curbed demand for the metal as an alternative investment, Bloomberg reported.

The dollar rose to a two-week high against a basket of currencies ahead of U.S. President Barack Obama's meeting with Democratic and Republican congressional leaders today as a year-end budget deadline approaches.

Gold futures for February delivery fell 0.2% to $1,661 an ounce on the Comex in New York. Prices rose 6.2% this year through yesterday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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