Gold falls against dollar

Gold continues to fall against the dollar, as the US economy enjoys an ongoing run of positive figures.

“A strong report will further consolidate the strong trend in the dollar,” Australia & New Zealand Banking Group Ltd. told Bloomberg in an e-mailed report. “With increasingly negative sentiment in the gold market it is difficult to find any pockets of optimism.”

Indeed, 13 out of 23 experts polled by Bloomberg predicted gold prices to decrease next week.