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gold-investing

Gold Futures Mark Biggest Drop in Three Months

Investing News Network
Oct. 15, 2012 11:53AM PST
Precious Metals Investing

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.

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

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