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<p>[QUOTE=&quot;desertgem, post: 1981071, member: 15199&quot;]&quot; </p><p>Gold and silver futures fell to 12-week lows as the dollar’s rally to a 13-month high damped demand for the precious metal as an alternative investment.</p><p><br /></p><p>The <a href="http://www.bloomberg.com/quote/BBDXY:IND" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/quote/BBDXY:IND" rel="nofollow">greenback</a> jumped to the highest since July 2013 against a basket of 10 currencies. Gold dropped 1.6 percent last week as the dollar climbed 0.8 percent.</p><p><br /></p><p><span style="color: #ff0000">The metal has declined this quarter on concern that the <a href="http://topics.bloomberg.com/federal-reserve/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://topics.bloomberg.com/federal-reserve/" rel="nofollow">Federal Reserve</a> is closer to raising U.S. interest rates.</span> Policy makers meet Sept. 16-17.&quot;</p><p><br /></p><p><a href="http://www.bloomberg.com/news/2014-09-08/gold-falls-to-12-week-low-as-dollar-rally-damps-demand.html?cmpid=yhoo" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/news/2014-09-08/gold-falls-to-12-week-low-as-dollar-rally-damps-demand.html?cmpid=yhoo" rel="nofollow">http://www.bloomberg.com/news/2014-09-08/gold-falls-to-12-week-low-as-dollar-rally-damps-demand.html?cmpid=yhoo</a></p><p><br /></p><p><br /></p><p>&nbsp;&nbsp; &nbsp;&nbsp; Note the red section, and notice how it conflicts with what seem to be stackers comments that higher interest rates would boost PM.[/QUOTE]</p><p><br /></p>

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