Gold Prices Turn Lower To Settle At Lowest Since June

By Markets MarketWatch Pulse

Gold futures took a late-session tumble on Thursday to settle at a more than five-month low as the U.S. dollar's climb to multiyear highs weighed on dollar-denominated prices for the metal. "While the dollar has experienced an exhaustive climb over the last few months, it broke through a multiyear ceiling that just may have pumped an additional dose of adrenaline into the currency," said Adam Koos, president of Libertas Wealth Management Group. December gold fell $7, or 0.6%, to settle at $1,216.90 an ounce, marking its lowest finish since June 2, according to FactSet data. It had traded earlier above $1,230, which would've marked the highest settlement in a week.

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