Gold Futures Settle At a More Than One-month Low

By Markets MarketWatch Pulse

Gold futures dropped on Tuesday for a fifth session in a row, settling at their lowest level since mid-April, as upbeat U.S. economic data raised expectations for a Federal Reserve interest-rate hike in June. Gold for June delivery fell $22.30, or 1.8%, to settle at $1,229.20 an ounce.

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