Gold plunges $77 an ounce
Gold plunged $77 per ounce Wednesday, the biggest one-day drop since September, as traders dialed back their expectations that the dollar would be weakened by another round of economic stimulus from the Federal Reserve.
Gold struggled to rise above $1,700 an ounce on Friday and prices headed for their third consecutive weekly drop, as investors cautiously watched US talks to avoid a looming fiscal calamity that have so far made little progress.