Gold Futures Log Biggest One-day Percentage Loss Since Late 2013

By Markets MarketWatch Pulse

Suffering their largest one-day percentage loss since December 2013, gold futures settled Tuesday at a more than three-month low, according to FactSet data. Strength in the U.S. dollar , at the expense of the British pound , technical selling, and growing prospects for a Federal Reserve interest-rate hike before the end of the year all contributed to the drop in gold prices. December gold fell $43, or 3.3%, to settle at $1,269.70 an ounce.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.