Gold Falls in London Trading as Weaker Equities Spur Selling; Silver Drops

(Bloomberg) -- Gold fell for a second day in London,
heading for the biggest weekly decline in four weeks, after
equities dropped worldwide and on speculation that U.S. interest
rates may rise.

European stocks fell for a fifth day, the longest rout in
three months. That may be spurring some speculators to sell gold
to fund their losses. Some investors expect higher U.S. interest
rates to strengthen the dollar and weaken the price of gold in
U.S. dollar terms.


Read more at Bloomberg Commodities News