NEW YORK (AP) — Prices for gold and other commodities have fallen, but are well off their earlier lows, as investors cash in on some recent gains amid a stronger dollar.
The dollar is mostly higher against other major currencies amid economic worries in Europe and a downgrade to Ireland's debt rating by Standard & Poor's.
The dollar has declined steadily since early March amid signs of improvement in the economy. As a result, prices for all sorts of commodities have charged higher.
Gold for August delivery is down $10.10 to $952.50 an ounce on the New York Mercantile Exchange.
by the associated press
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