MW: Gold, crude-oil futures fall as dollar strengthens
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Gold futures fell by more than $25 an ounce and crude-oil prices traded 2% lower Monday, as strength in the U.S. dollar fueled broad losses among commodities. Gold for December delivery GC1Z -1.49% was down $28.10, or 1.6%, at $1,719.10 an ounce on the Comex division of the New York Mercantile Exchange and December crude oil CL1Z -1.57% traded at $91.53 a barrel on Nymex, down $1.78, or 1.9%. The U.S. dollar index DXY +1.50% climbed to 75.997 from 75.063 late Friday after the Bank of Japan intervened in the currency markets on behalf of the Ministry of Finance in a bid to weaken the yen.
