Gold falls nearly 5%
As the US Senate's approval of a revised $700 billion bailout plan boosted the dollar, gold futures fell nearly 5% to their lowest level in two weeks, reducing dollar-denominated prices of the precious metal.
Gold fell toward US$1,100 an ounce Tuesday, snapping a three-session winning streak, as a dollar bounce against the euro and month-end squaring prompted traders to lessen positions.