Gold Prices Fall to Their Lowest Level in a Month

The price of gold is at the lowest level in about a month after new Chinese data renewed questions about whether its leaders will implement additional measures to get revive economic growth.

Gold for December delivery fell $22.10 Monday to finish at $1,737.60 per ounce. That's the lowest price since Sept. 12, the day before the Federal Reserve announced new measures to aid the U.S. economy.

China says its inflation rate fell in September. Imports increased by 2.4 percent, but the rate of growth remains weak.

Analysts say that investors wonder whether China will take action to help its economy. The country is a huge importer of commodities so slower growth hurts demand.

In other trading, prices are lower for oil, natural gas, copper, wheat, corn, and soybeans.

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  • Report this Comment On October 15, 2012, at 4:05 PM, plange01 wrote:

    the price of gold is so high it has a nuclear war factored into its price and a direct hit on earth from a meteor!

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