Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1079 Thu. June 14, 2007  
   
Business


Gold drops to 3-month low


The price of gold fell on Wednesday to the lowest level since March as a strengthening dollar made the precious metal more expensive for buyers holding weaker currencies.

On the London Bullion Market, gold prices fell to 643.38 dollars per ounce -- the lowest point since March 14.

The dollar hit the highest level against the yen since 2002 and a near three-month high against the euro in Wednesday trade.