Gold prices dropped more than 5 percent Friday to a seven-week low, Reuters Wanfeng Zhou reports. It was the precious metal's third-worst day in 20 years, and it's down 9 percent over the last two days. "At this point in time I don't think one can say that the safe-haven rationale for gold is off. It's just that it has been going up so much that we needed a very deep correction," Afshin Nabavi, head of trading at MKS Finance, told Reuters. But for months, as gold prices surged all summer and looked to be heading toward $2,000 an ounce by the end of the year, experts have been looking for signs of a gold bubble.
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