Gold Falls Nearly 4%, Breaks Through Support at $775

October 21st, 2008

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

Just FYI: DBA is looking interesting again.

Via: Reuters:

Gold fell nearly 4 percent after the opening of the U.S. market as a stronger dollar curbed interest in the precious metal as an alternative investment, and as oil prices fell more than $2 a barrel.

Spot gold touched a session low of $764.20 an ounce, before recovering slightly to $767.90/769.90 an ounce by 1249 GMT (8:49 a.m. EDT), down from $795.00 late in New York on Monday.

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