Gold misses out on the Santa rally – The Australian

Gold misses out on the Santa rally
The Australian
Gold’s retreat from its July peak of $US1366 an ounce (it got to $1819 an ounce in the same month) to $US1159 an ounce on Friday ($1557 an ounce) is a response to this month’s expected US interest rate rise, and the runaway strength of the US dollar.