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Gold, oil add to loss after data pushes dollar up

27 Oct News | Comments

SAN FRANCISCO (MarketWatch) — Losses accelerated for gold and oil after a report showed a 6.6% increase in sales of new homes in September. The larger-than-expected rise sent the dollar higher, which in turn weighed on commodities. Crude for December delivery was off $1.61, or 1.9%, to $80.97 a barrel on the New York Mercantile Exchange. December gold retreated $14.80, or 1.1%, to $1,323.60 an ounce.

 

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