Gold at Two Week Low on Fed Worries – Wall Street Journal

Gold prices slipped to a two-week low on Friday as some investors shed the haven asset in response to a stronger dollar and upbeat U.S. manufacturing data.

The most actively traded gold futures contract, for December delivery, fell $3.30, or 0.3%, to settle at $1,162.80 a troy ounce on the Comex division of the New York Mercantile Exchange. This was the lowest close since Oct. 9, when prices settled at $1,155.90 an ounce.