MW: Gold falls 1% as dollar continues to strengthen
NEW YORK (MarketWatch) -- Gold futures fell Monday for a second session, approaching $950 an ounce as the U.S. dollar continued to strengthen against its major rivals on hopes for an economic recovery in the U.S., curbing gold's investment appeal. Gold for June delivery fell $11.60, or 1.2%, to $950.10 an ounce in early North American electronic trading. The more active August contract lost $10.70, or 1.1%, to $951.90 an ounce. Silver also moved lower, with the July contract down nearly 3% at $14.96.
