Gold futures suffered a sharp loss Tuesday, as a climb in U.S. consumer confidence in August helped to raise the prospects of a Federal Reserve interest-rate increase which, in turn, fed strength in the U.S. dollar. Gold for December delivery lost $10.60, or 0.8%, to settle at $1,316.50 an ounce. That was the lowest settlement for the contract since June 23, according to FactSet data.
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