By Sara Sjolin
NEW YORK (MarketWatch) -- Gold for August delivery GC1Q -1.81% fell 1.8%, or $28.60, to $1524.40 an ounce, Thursday morning as the dollar strengthen against other major currencies. Wednesday gold settled at $1553.40 an ounce, the highest price since May 2, but could not keep its strength because of the 0.7% increase in the dollar index DXY +0.82% , Scott Meyers, senior trading analyst for pioneer futures at MF Global, said. "We're seeing widespread selling across the commodity spectrum based on the firm dollar," he added. The benchmark July silver contract dropped 3.45% to $35.510 an ounce.
