Gold Backs Off Three-Month High on Dollar Strength – Wall Street Journal

Gold prices pulled back from a three-month high Friday on pressure from a stronger dollar and as some investors moved to lock in gains on the recent rally.

The most actively traded gold futures contract, for December delivery, was recently down $6, or 0.5%, at $1,181.50 a troy ounce on the Comex division of the New York Mercantile Exchange.

Prices had rallied to $1,187.50 an ounce on Thursday, their highest level since June…