MW: Gold futures fall as U.S. dollar rises vs. rivals
By Polya Lesova
NEW YORK (MarketWatch) -- Gold futures fell nearly 2% early Thursday, as U.S. dollar strength pressured demand for the precious metal. Gold for December delivery dropped $16.10 to $890.40 an ounce in electronic trading on Globex. "We expect gold to benefit further from investor safe-haven demand, although in the short term the metal will remain vulnerable to bouts of cash generating profit-taking," said James Moore, an analyst at TheBullionDesk.com, in a research note.