Liquidation in Gold Accelerates, Off Nearly $100

Gold extended its losses Wednesday morning as liquidation engulfed the precious metals sector.

COMEX gold futures, per the December contract, plunged as much as $97.50, or 5.2%, to $1,763.80 per ounce this morning.

As of 10:29am ET, gold futures traded lower by $83.00 at $1,778.30 per ounce.