Further to drop on low volume... this article just out...

red911

http://www.afxnews.com/about488/inde...

US gold drops below $800/oz on heavy sell-stops

NEW YORK, Oct 16 (Reuters) - U.S. gold futures sank below $800 an ounce on Thursday, trading at a one-month bottom, as a bounce in the stock markets triggered heavy sell-stops amid thin volume, traders said.

The gold contract for December delivery was down $39, or 4.6 percent, at $800 an ounce on the COMEX division of the New York Mercantile Exchange. It hit a session low of $793.50.

(Reporting by Frank Tang)