Gold prices are also falling because investment managers are selling gold to lock in gains made over the last month.
The Standard & Poor's 500 index rose 2.7 percent.
Gold and silver have jumped this summer on economic uncertainty and fears about inflation. Traders feel that gold and silver are a safer bet than stocks or currencies during times of weak growth or volatility.
Gold for December delivery fell $5.70 to settle at $1,791.60 an ounce. September silver lost 40.6 cents to $40.546 per ounce. For the latest updates PRESS CTR + D or visit Stock Market news Today
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