The price of gold falls to a 9-month low today, the price of silver falls
In global markets, gold fell to a nine-month low today as the US dollar held near a 20-year high. Spot gold was flat at $1,734.97 an ounce after hitting its lowest since September 30 at the start of the session at $1,722.36. The euro traded at near par against the dollar on concerns that an energy crisis could plunge Europe into recession. The dollar’s strength makes greenback gold more expensive for buyers holding other currencies.