Stronger US dollar checks gold rebound; price steady around $1,270/oz

New York (Oct 20)  Gold slid lower in morning trading on Thursday October 20, with a recovering dollar putting the brakes on the metal's gentle rebound, market participants said. The US Dollar Index sprung to a 7-month high of 98.39.

By 11:am EST spot gold was down $7 to $1,265, while platinum plunged $15 to $932...a 7-month low. Palladiun fell more than 1% to $633.

Source: MetalBulletin