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AP: Gold prices plunge as dollar bounces higher
 
NEW YORK (AP) -
Gold prices sank Thursday as the dollar rebounded and grim readings on the economy raised worries about global demand for commodities.

Gold futures for December delivery fell by $43 to $844.30 an ounce on the New York Mercantile Exchange.

The dollar climbed to a one-year high against the 15-nation euro after the Senate voted to approve a revised $700 billion financial bailout plan late Wednesday. The House is expected to vote on the bill Friday.

Meanwhile, the Commerce Department reported that orders to U.S. factories fell by 4 percent in August, the largest amount in nearly two years, due in large part to tighter credit.

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