Gold could drop below US$1,000 for first time in 4 years: Goldman
Gold fell to a five-week low on speculation the Federal Reserve will slow stimulus next week and amid talks on a plan for Syria to surrender its chemical weapons. Silver headed for the biggest weekly drop since June.
Gold futures slid 5.4% this week, the most since June 21, as the threat of an imminent attack on Syria eased. U.S. Secretary of State John Kerry reported a “constructive” start to talks with Russian Foreign Minister Sergei Lavrov, who is seeking an agreement that would make a strike unnecessary.