MW: Gold futures drop as dollar rebounds vs. rivals
By Polya Lesova
FRANKFURT (MarketWatch) -- Gold futures fell early Tuesday, as the dollar rebounded against other major currencies, reducing the appeal of the precious metal. Gold for December delivery was last down $9.90, or 0.9%, to $1,129.30 an ounce in electronic trading on Globex. The dollar index (DXY 75.40, +0.57, +0.76%) , which tracks the performance of the greenback against a basket of other major currencies, traded at 75.383 in recent trading, up from 74.908 late Monday. December gold ended up 2% on Monday after rising to a contract high of $1,144.20 an ounce.
