Gold Producers Fall Most in Two Months as Haven Demand Ebbs

  • Goldman sees bullion prices dropping to $1,000 in 12 months
  • BI Global Gold Mining Competitive Peer Group Declines

Where Are Gold Prices Heading?

Shares of gold producers fell the most in two months, and Barrick Gold Corp. and Newmont Mining Corp. declined for the first time in four days, as investors backed away from precious metals amid lower demand for haven assets. Spot gold swung between gains and losses, after dropping the most since July on Monday.

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