Gold Prices Tumble As Oil Collapses After OPEC Decision

Gold prices fell sharply in electronic trading on Friday, in tandem with collapsing crude-oil prices after OPEC decided to leave its production targets unchanged. Gold for December delivery slid $12.80, or 1%, to $1,183.80 an ounce, while silver for the same month dropped 46 cents, or 2.9%, to $16.12 an ounce. Copper prices for December delivery fell 3 cents, or 1%, to $2.93 a pound. January platinum was down $14.30, or 1.2%, to $1,214.10 an ounce, while December palladium , was off 60 cents to $801 an ounce.