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	<title>Stock Market News &#38; Stocks to Watch from StraightStocks &#187; oil boycott;</title>
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		<title>Gold Leads Precious Metals Slide on Firmer Dollar</title>
		<link>http://www.straightstocks.com/market-commentary/gold-leads-precious-metals-slide-on-firmer-dollar/</link>
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		<pubDate>Mon, 05 Jan 2009 20:30:02 +0000</pubDate>
		<dc:creator>Contrarian Profits</dc:creator>
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		<description><![CDATA[pDollar rises to 3-week high vs euro on stimulus hopes#8230; Oil prices fail to hold gains above $48 a barrel#8230;  Abu Dhabi Dec gold sales fall 40 pct month on month. /p
pGold slid more than 3 percent in Europe on Monday as the strengthening dollar knocked the metal#8217;s appeal as a currency hedge, and oil prices retreated from highs. /p
pOther precious metals tumbled in gold#8217;s wake, with silver  falling 8 percent, platinum 3 percent and palladium 6 percent. /p
p Spot gold  was quoted at $851.65/853.65 an ounce at 1445 GMT, down from $873.20 an ounce late in New York on Friday, having touched a session low of $843.50. /p
p U.S. gold futures for February delivery  on the COMEX division of the New#8230;/p]]></description>
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