Gold Settles At Its Lowest Level In a Week

By Myra P. Saefong Markets MarketWatch Pulse

Gold futures settled lower Wednesday for a second straight session. Strength in the dollar, a rally in U.S. equities and rising expectations for an interest-rate increase from the Federal Reserve combined to push prices for the metal to their lowest finish in a week. April gold lost $3.90, or 0.3%, to settle at $1,250 an ounce. That was the lowest finish for a most-active settlement since Feb. 22, according to FactSet data.

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