Gold Declines More Than $100 in New York on Sales Driven by Margin Calls

Bloomberg reported that sell-offs in the market caused gold prices to fall by more than $100.

The market news is quoted as saying:

Gold futures for December delivery fell $105.80, or 6.1 percent, to $1,635.90 at 1:20 p.m. on the Comex in New York. A close that level would leave the metal down 9.9 percent this week.

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