Daily Gold Update

Source: Marketwatch

New York— Gold futures fell nearly 2% on Wednesday, as gains in the dollar and tumbling crude-oil prices prompted traders to sell the precious metal. Gold for December delivery dropped $13.70, or nearly 2%, to end at $800.30 an ounce on the New York Mercantile Exchange.

"You're seeing gold decline today off of some end-of-month profit-taking in gold, energies and across the board in commodities," said Zachary Oxman, a senior trader at Wisdom Financial. "A strong dollar seems to be pushing gold lower as well," Oxman said in emailed comments. See full story.