MW: Gold futures extend fall on government rescue plans
By Steve Goldstein
LONDON (MarketWatch) -- Gold futures extended their fall on Monday as world stock markets rallied on the back of agreements reached in Europe and the U.S. to back the banking sector. Gold slipped $2.90 to $856.10 an ounce. "The price movement of gold demonstrates how quickly demand for a safe haven could fade and that even gold is not a secure store of value," said Peter Fertig, an analyst at Dresdner Kleinwort.
