Posts by MarketWatch:

Second Chinese bank joins group setting gold price

China Construction Bank Corp. will become the second Chinese bank to join the group of lenders setting the benchmark used to price billions of dollars' worth of daily gold trades, in another move by the country to take a more active role in the way the world's securities are traded.

Gold futures settle lower for third straight day

Gold futures settled Wednesday at their lowest level in just over a week after falling for a third straight session, as a jump in U.S. equities and strength in the dollar lured investors away from the precious metal.