Gold Falls as Commodities Decline Amid Global Slowdown Concern

Bloomberg reported that concerns about a slower global economy caused gold prices to fall.

As quoted in the market news:

Gold futures for December delivery fell 2.5 percent to $1,633.90 an ounce at 10:01 a.m. on the Comex in New York. A close at that price would mean the biggest drop for a most- active contract since Sept. 26.

Click here to read the full Bloomberg report.