Gold Fell Tumbled Almost $7 On Prompted Sales

Gold fell the most in a week in London after a rally to a nine-month high prompted sales by investment funds.

Gold for immediate delivery declined $6.80, or 1 percent, to $679.75 an ounce at 1:07 p.m. London time, the biggest drop since Feb. 20. Prices had climbed $9.10, or 1.3 percent, in the previous two days.

The 14-day relative strength index for bullion climbed to 68.9 yesterday, a sign that prices may be poised to fall. The last time the technical indicator got this high was Feb. 9, and gold the next day dropped $5.75.