AP News

News Summary: Gold falls to lowest level in month


TARNISHED GOLD: Gold fell to its lowest price since Sept. 12 after new Chinese data renewed questions about whether that country's leaders will implement more economic stimulus measures. Investors often by gold as a hedge against inflation.

CHINA MOVES: China said its inflation rate fell in September from August. Imports grew by 2.4 percent, which suggested an economic recovery hasn't taken hold. China is a huge importer of commodities so its economic growth rate can affect demand for a variety of materials.

PRICE MOVES: Prices fell for oil, natural gas, industrial metals, wheat, corn and soybeans.


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