Gold Sinks Below $1,500

The gold price fell below the psychologically important
$1,500 an ounce barrier June 27.

Analysts said the fall was due to the increasing strength of
the U.S. dollar.

At press time, the metal was trading at $1,494 an ounce.

Gold first
crossed the $1,500 an ounce barrier
on April 20, eventually reaching $1,570.