Gold weakens further as dollar marches on

2014-11-03 11

Gold continues to lose its lustre for investors as the yellow metal fell to a near four-year-low on Monday, the run strengthened by feelings the US is about to hit the monetary brake. Silver also tumbled, and is now at a five-year-low relative to gold, which hit $1,161.25 an ounce at one point.

Dollar strength is also hurting the gold price, with the greenback now at a seven-year-high relative to the yen, and a two-year-high against the euro.