Gold hits 2-week low as risk aversion lifts dollar

Gold slid toward $930 an ounce on Monday as rising risk aversion boosted the dollar and knocked oil and equity markets, and silver tumbled 5 percent, its fall exacerbated by losses in industrial commodities.

Spot gold hit a low of $929.70 an ounce and was bid at $932.20 at 1341 GMT (9:41 a.m. EDT), against $945.85 late on Friday. U.S. gold futures for December delivery on the COMEX division of the New York Mercantile Exchange fell $14.80 to $934.00. >>