Bloomberg reported that gold futures showed the biggest decline in three months, fuelled by growing uncertainty around China’s economic health, and threats of a global recession.
As quoted in the market news:
Gold futures for December delivery tumbled 1.3 percent to settle at $1,737.60 an ounce on the Comex at 1:47 p.m. in New York, the biggest drop for a most-active contract since July 6. The metal fell 1.2 percent last week.
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