4
December
Gold futures drop as much as $16 on Globex
4 December 2009 MarketWatch
Gold futures dropped as much as $16 an ounce on Friday, as traders locked in some profits following the precious metal's recent record-breaking streak.
Gold for December delivery fell to an intraday low of $1,200.60 an ounce in electronic trading on Globex.
It was down $13, or 1%, to $1,204.40 an ounce in European morning trade.
But the contract is still trading higher for the week, well above last Friday's closing level of $1,174.20.
http://www.marketwatch.com/story/gold-futures-drop-as-much-as-16-on-globex-2009-12-03
