(Reuters ) Gold fell over 1 percent to a one-month low on Friday, its biggest daily drop in more than three months, hit by technical selling and tumbling U.S. equities on economic uncertainty around the world.
Silver and platinum group metals also slid broadly after several U.S. multinational manufacturers led by General Electric CO. (GE.N) gave earnings forecasts that disappointed investors, citing weaker demand in Western Europe.
Bullion appeared to find support at its 50-day moving average after it briefly broke below that key technical support. It has now erased all of its gains posted after the Federal Reserve in early September launched a third round of bond-buying known as quantitative easing to stimulate economic growth.
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