(RTTNews) - The price of gold dropped below $1100 an ounce for the first time in three weeks Friday morning, with dollar strength continuing to lessen bullion's appeal.
February gold was down $11.30 at 1091.90 an ounce, having lost more than $40 so far this week. With inflation in check and the dollar back in style, the steam has run out of a furious rally the drove gold to record highs above $1225 back in December.
Prices of silver and platinum also moved lower amid demand concerns.
