Gold, silver sink on China worry

Economic Times reports that Gold fell in New York as China may raise interest rates curbed demand for bullion.

The market news is quoted as saying:

Gold futures for December delivery lost as much as $26, or 1.9%, to $1,377.30 an ounce and traded at $1,386.50 at 8:01 am on the Comex in New York. Prices are heading for the first weekly decline in three. The metal for immediate delivery in London was 1.5% lower at $1,387.40. It reached a record $1,424.60 on November 9.

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