Gold falls in correction

CHICAGO, Oct. 16 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday in profit taking after rising sharply in the previous trading day.

The most active gold contract for December delivery fell 7.20 U.S. dollars, or 0.37 percent, to close at 1,934.30 dollars per ounce.

Gold still stands above 1,900 dollars, as escalation of the conflict between Israel and Hamas