Gold fell to a one-week low in Asia as signs of recession in the U.S.,
Gold fell to a one-week low in Asia as signs of recession in the U.S., the world's largest economy, reduced the appeal of bullion as a hedge against inflation.
Bullion for immediate delivery fell as much as $7.08, or 0.8 percent, to $870.67 an ounce, the lowest in a week. It was at $876.42 at 2:29 p.m. Singapore time. Silver for immediate delivery was little changed at $15.84 an ounce.
Gold for February delivery fell $3.60, or 0.4 percent, to $877 an ounce in after-hours electronic trading on the Comex division of the New York Mercantile Exchange the same time.