Gold falls on U.S. deadlock
NEW YORK (Oct 1) Gold futures declined the most in more than a week Monday as equities and commodities dropped with the U.S. government poised for its first partial shutdown in 17 years amid a budget dispute.
Gold futures for December delivery fell 0.9 percent to settle at $1,327 an ounce at 1:45 p.m. on the Comex in New York, the biggest drop for a most-active contract since Sept. 20.
Silver futures for December delivery fell 0.6 percent to $21.708 an ounce.
On the New York Mercantile Exchange, platinum futures for January delivery fell 0.5 percent to $1,412.40 an ounce, trimming the quarter’s gain to 5.4 percent.
