2

November

Gold drops amid sharp equities sell-off (GoldCore Quoted)

2 November 2009 Reuters

Gold prices dropped on Friday amid a sharp equities sell-off, driven by renewed worries that the nascent economic recovery might not be sustainable.

Gold prices posted their first weekly losses since the week of September 25, following four consecutive weeks of gains.

...

Mark O'Byrne, a director at bullion dealer GoldCore, said that gold's inverse correlation with equities should hold in the longer term.

http://www.reuters.com/article/hotStocksNews/idUSTRE59T0BR20091030

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