New York - Gold futures fell for the fifth straight session after losing more than $5 an ounce on Thursday as the dollar rebounded against major currencies, lowering the investment appeal of the precious metal. Gold for December delivery dropped $5.10 to close at $877.90 an ounce on the Comex division on the New York Mercantile Exchange. Earlier, the price gained as much as 1.1 percent. "We can assign the fresh drop in gold to the continuing vigor being exhibited by the U.S. dollar," said Jon Nadler, a senior analyst at Kitco Bullion Dealers. In spite of oil's rise to a high above $120, the sellers in gold, silver, platinum, and palladium were more motivated by the decline in the euro vs. the dollar, he added. The greenback gained on the euro Thursday, after the European Central Bank announced it will hold its policy steady...
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