Gold falls about 1% on stop-loss selling

SINGAPORE (Dec 4, 2012): The most-active US gold futures contract fell more than 1% to a near one-month low of US$1,698.5 an ounce on Tuesday on stop-loss selling.Spot gold dropped nearly 1% to $1,698.3, its lowest since Nov 6.

Source from (The Sun Daily): http://www.thesundaily.my/news/556529
Published: December 05, 2012

"Gold broke below important support levels at $1,710 and $1,705, and triggered stops," said a Singapore-based trader. – Reuters