Bullion Cues: Gold tumbles as dollar strengthens
Further fall is likely as the dollar may remain strong
It was a bad week for gold. After being range-bound between $1,270 and ₹1,300 an ounce for three weeks, gold broke and fell sharply below $1,270 last week. The fall and a subsequent break below $1,260 triggered strong selling in the metal and dragged it to a low of $1,244 before closing the week 2.5 per cent lower at $1,248 per ounce.Silver, on the other hand, broke below the key support level of ...
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