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Aug. 11, 2020, 1:46 p.m. EDT

Gold futures drop over 4% for biggest 1-day percentage loss since mid-March

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By Myra P. Saefong

Gold futures fell Tuesday by more than 4% to post their largest one-day percentage loss in nearly five months as investors focused attention on a rally in U.S. Treasury yields and a climb in the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.60% toward its all-time closing high. December gold /zigman2/quotes/210039572/delayed GCZ20 -0.11% fell $93.40, or 4.58%, to settle at $1,946.30 an ounce. The percentage loss for the session was the largest for a most-active contract since March 13, when prices posted a decline of 4.63%, according to FactSet data.

Read the full story:
Gold futures suffer biggest daily dollar decline in more than 7 years

/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
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/zigman2/quotes/210039572/delayed
US : U.S.: Nymex
$ 1,864.30
-2.00 -0.11%
Volume: 226,076
Sept. 25, 2020 4:59p
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