Gold, Silver Fall as Oil Retreats and Dollar Rallies

A stronger U.S. dollar, retreating oil prices, and weakened consumer confidence and home price data weighed heavily on gold. Silver and platinum declined as well while U.S. stocks dipped lower.

In New York trading futures for bullion:

• Silver for July delivery dropped 37.3 cents, or 2.7 percent, to 13.574 an ounce.

• Gold for August delivery fell $13.30, or 1.4 percent, to $927.40 an ounce.

• July platinum declined $7.50, or 0.6 percent, to $1,176.70 an ounce.

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