Gold Prices Continues to Plunge

Gold prices tumbled Tuesday second day in a row as investors turned back into stocks and as lower oil prices tempered concerns about inflation.

Gold closed under the $800 mark for the first time since Nov. 2, extending the sharp decline that began a day earlier and a sign of the market's first major correction lower since the metal's rally began in earnest in late August.

An ounce of gold lost $8.70 to settle at $799 an ounce on the New York Mercantile Exchange, after falling $27 an ounce on Monday.