Gold Posts Longest Slump in 17 Months on Dollar Rally
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Gold futures fell, capping the longest slump since May 2013, as the dollar rally eroded the appeal of the precious metal as an alternative investment.
Yesterday, gold touched the lowest since April 23, 2010. Today, the greenback rose to a five-year high against a basket of 10 currencies on signs that the U.S. economy is gaining traction.