- NEW YORK: Spot gold dropped below $1,500 an ounce on Friday for the first time in over a month, weighed down by a dollar rally, technical selling and accelerated losses in the equity and crude oil markets.
Bullion dropped 1.3 percent to $1,501.06 an ounce by 1:13 p.m. EDT (1713 GMT), having earlier hit a low of $1,499.56, the weakest price since May 20.
