Gold prices tumbled Tuesday second day in a row as investors turned back into stocks and as lower oil prices tempered concerns about inflation.
Gold closed under the $800 mark for the first time since Nov. 2, extending the sharp decline that began a day earlier and a sign of the market's first major correction lower since the metal's rally began in earnest in late August.
An ounce of gold lost $8.70 to settle at $799 an ounce on the New York Mercantile Exchange, after falling $27 an ounce on Monday.
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Gold Prices Continues to Plunge
Gold prices tumbled Tuesday second day in a row as investors turned back into stocks and as lower oil prices tempered
