Gold Prices Finish At Lowest Level In Over 2 Weeks

By Myra P. Saefong Markets MarketWatch Pulse

Gold futures finished Thursday at their lowest level in more than two weeks, pressured by growing expectations for a U.S. interest-rate increase this month and strength in the dollar, which eased investment demand for the metal. The ICE U.S. Dollar Index tapped its highest levels in about two months. April gold lost $17.10, or 1.4%, to settle at $1,232.90 an ounce. That was the lowest finish for a most-active contract since Valentine's Day, according to FactSet data.

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