Gold prices fall as dollar grows stronger amid Greece’s financial woes

Gold prices fall amid Greece’s financial woes

DENVER — Gold prices settled below $1,100 an ounce for the first time in nearly a month after the dollar gained ground amid concerns over Greece’s financial problems.

Other commodities were mixed Monday as investors dissected messages from European leaders about whether Greece will be able to repay its debt with outside financial support.

Prices for gold, energy and other commodities typically fall when the dollar is stronger against other currencies. That’s because they are priced in dollars, which makes them more expensive to overseas buyers.

MF Global senior commodities analyst Edward Meir said commodities were tracking the dollar’s movements.