Summary Box: A rise in the dollar hurts prices of some commodities; Gold falls $1.10 an ounce

By AP
Monday, April 19, 2010

Summary Box: Stronger dollar hits commodities

LESS RISK: Investors moved into the dollar and out of riskier assets like commodities Monday following the government’s charges last week against Goldman Sachs. There are concerns about what the case could mean for profits at big banks.

DOLLAR EFFECT: A rise in the dollar hurt demand for some commodities. A stronger dollar makes commodities more expensive to foreign buyers.

PROFIT TIME: Gold for June delivery fell $1.10 to settle at $1,135.80 an ounce after investors sought to lock in profits.

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