Gold Drops 3.37% as S&P 500 Posts Its Worst Day Since June

Gold fell alongside U.S. stocks Friday, showing the metal did not shield investors from losses during a session when the S&P 500 logged its sharpest decline since June. Spot gold was $3,884.90 per troy ounce at 4:07 p.m. ET (20:07 UTC) on Oct. 30, down $135.60, or 3.37%. At the close, the S&P 500 was down 1.8% at 7,580.07, the Nasdaq Composite fell 2.9% to 25,437 and the Dow Jones Industrial Average lost 1.1% to 51,770.31. The gold figure is an afternoon spot quote; the stock index figures are closing levels.

Source: TokenPost