Gold Drops Most in Two Weeks as Equity Rebound Trims Demand From Investors

Bloomberg reported that lower demand for an investment haven and more sell-offs caused gold prices to drop.

The market news is quoted as saying:

Gold futures for December delivery declined $55.70, or 3 percent, to settle at $1,817.60 an ounce at 1:25 p.m. on the Comex in New York, the biggest drop since Aug. 24.

To read the full market news, click here.