Gold Falls as Equities, Commodities Drop on U.S. Deadlock
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Gold futures declined the most in more than a week as equities and commodities dropped with the U.S. government poised for its first partial shutdown in 17 years amid a budget dispute.
The MSCI All Country World Index and the Standard & Poor’s GSCI index of 24 raw materials slumped as much as 1.1 percent. Republicans in the House of Representatives want to delay President Barack Obama’s Affordable Care Act for a year and make changes to the health-care law, and Democrats have vowed not to let that happen.