NEW YORK (AP) -
Gold prices sank Thursday as the dollar rebounded and grim readings on the economy raised worries about global demand for commodities.
Gold futures for December delivery fell by $43 to $844.30 an ounce on the New York Mercantile Exchange.
The dollar climbed to a one-year high against the 15-nation euro after the Senate voted to approve a revised $700 billion financial bailout plan late Wednesday. The House is expected to vote on the bill Friday.
Meanwhile, the Commerce Department reported that orders to U.S. factories fell by 4 percent in August, the largest amount in nearly two years, due in large part to tighter credit.
