One-Minute Gold Selling Spurt Sends the Precious Metal Reeling
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Gold futures headed for the biggest loss in five weeks after a flurry of trading that added up to about 1 million ounces.
In the minute ended at 8:45 a.m., more than 10,000 December contracts, each representing 100 ounces, changed hands on the Comex in New York. That was about 30 times the 100-day average for that time of day. The metal was down 1.1 percent to $1,197.70 an ounce, set for the biggest decline since Aug. 15.