20
October
Gold settles 2.6% lower, worst drop in three months (GoldCore in Marketwatch)
20 October 2010 MarketWatch
Gold futures ended 2.6% lower Tuesday, their worst one-day drop since early July, as traders reacted to a jump in the dollar on the back of U.S. official comments and to China’s surprise interest-rate hike.
...
“Confidence is waning about the sustainability of this rally,” said Mark O’Byrne, director at GoldCore, in recent comments. Gold has closed at a record high 17 times in a little more than five weeks.
http://www.marketwatch.com/story/gold-futures-fall-as-much-as-7-on-globex-2010-10-19
