Spot Gold Rate Falls Below $1,900 Per Ounce As US Dollar Rises

Gold fell below the $1,900 per ounce level on Wednesday as a resurgent dollar prompted investors to reassess their positions after a record-breaking price rally. Spot gold declined as much as 2 per cent to a near three-week low of $1,872.19 per ounce, resuming its free fall after a brief hiatus in early trade. It was down 1.1 per cent at $1,889.59 per ounce by 0330 GMT (9:00 am in India), extending losses after a 6 per cent plunge on...