Gold settles at 8-month low; oil ends at $92.41 - Gold closed at - TopicsExpress

Gold settles at 8-month low; oil ends at $92.41 - Gold closed at an eight-month low, recording its third weekly loss in a row as equities surged to a record, crimping demand for the precious metal as an alternative asset. Gold for December delivery declined 0.8 percent to finish at $1,216.60 an ounce. For the week, it shed 1.2 percent. Gold dropped for the third straight week after the Federal Reserve raised its estimate for a key lending rate even as policy makers af... ow.ly/2NOomi

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