Gold and silver fall as US dollar rises

Chicago (June 6)  A strengtening US dollar sparks a reversal in precious metals. Spot Gold is down $5 to $1248 after rising as high as $1257 following on-farm payrolls. The decline has almost completely wiped out yesterday’s post-ECB move.

Silver silewise slides 12 cents to $18.94, while platinum inches up $2 to $1445 -- but palladium jumps $6 to 845.