Gold falls more than 1 percent on technical selling

Credit: Reuters/Lisi Niesner
SINGAPORE | Sun Dec 11, 2011 10:54pm EST

SINGAPORE (Reuters) - Spot gold prices dropped more than 1 percent to a two-week low on Monday, triggered by technical selling, traders said.

The most-active U.S. gold futures contract dropped as much as 1.7 percent to $1,688 an ounce on Monday, and cash gold fell 1.5 percent to $1,684.19 an ounce.

(Reporting by Rujun Shen;Editing by Clarence Fernandez)

http://www.reuters.com/article/2011/12/ ... M520111212