Gold prices drop 1% after Credit Suisse-UBS deal spurs risk-on mood

A rally in bullion prices sparked by the global banking rout forced Indian dealers to offer steeper discounts on physical gold to lure retail customers and led to a drop in China premiums last week, while tempting some to resort to selling.

Gold prices drop 1% after Credit Suisse-UBS deal spurs risk-on mood
A rally in bullion prices sparked by the global banking rout forced Indian dealers to offer steeper discounts on physical gold to lure retail customers and led to a drop in China premiums last week, while tempting some to resort to selling.