Commodities: Gold continues to fall
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Gold continued to fall as investors carried on taking profits with the higher dollar weighing on commodities.
The dollar rose against other currencies after the nations service sector fell for the first time in five years, which reignited fears of a recession. A firmer dollar makes commodities costlier for those holding other currencies.
Gold contract for April delivery settled down $19.10 at $890.30 an ounce.
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Crude fell below $90 a barrel in New York on speculation that government data out today will show that supplies increased last week. Inventories are expected to have risen 2.2m barrels.
The uncertainty in the market also had an impact on oil prices, which fell $1.61 to $88.41 a barrel.
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