MW : December gold falls as China rout lifts dollar
NEW YORK (MarketWatch) -- Gold futures fell back early Monday, as another rout in stocks in Shanghai raised concerns about global growth and lifted the U.S. dollar. Gold for December delivery was down $12.50, or 1.3%, at $946.30 an ounce in electronic trading. Shanghai's Composite Index fell 6.7%, while the Shenzhen Composite Index plunged 7.1%, among concerns of slower bank lending and that leading companies will issue new shares, diluting the value of their stock.
