Gold Futures Mark Biggest Drop in Three Months

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.

Click here to view the full Bloomberg report