Gold Drops to Two-Week Low on Signs China’s Economy Stabilizing
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Gold declined to the lowest level in more than two weeks on speculation that China may not need additional stimulus after exports grew more than estimated in September. Silver fell to a one-month low.
Gold for immediate delivery fell as much as 0.7 percent to $1,741.75 an ounce, the lowest price since Sept. 26, before trading at $1,745.10 at 1:45 p.m. in Singapore. Bullion for December delivery dropped as much as 1 percent to $1,742.60 on the Comex in New York, also the lowest since Sept. 26.