Gold prices dropped more than 3.5 percent to a 10-day low on Monday as sliding oil prices and a rising dollar prompted investors to cash in on bullion's recent lightning rally to 28-year highs.
Most-active December gold on the COMEX division of the New York Mercantile Exchange settled $27, or 3.2 percent, lower at $807.70 an ounce. It touched a high of $833.60.
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Gold Prices Dropped From 27-year High to 10-day Low
Gold prices dropped more than 3.5 percent to a 10-day low on Monday
