Metals Stocks: Gold heads lower as dollar strengthens to 1 ½-year high

Gold prices on Monday headed lower as a popular gauge of the dollar strengthened to its highest level in more than 17 months, weighing on demand for the precious metal.

December gold GCZ8, -0.38% was down $4.30, or 0.4%, at $1,204.30 an ounce, after posting a drop of 2% last week, dropping nearly 1.4% on Friday alone to mark its lowest finish since Oct. 10. December silver SIZ8, -0.88% slipped by 11.5 cents, or 0.8%, at $14.025 an ounce, following a decline of 4% last week.

Read:Billion-dollar monthly boost in exchange-traded fund gold holdings offer ray of hope for downbeat metal

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