Gold Futures Settle At a Nearly 5-week Low

By Myra P. Saefong Markets MarketWatch Pulse

Gold futures extended their decline to a sixth-straight session on Tuesday to mark their lowest settlement in nearly five weeks. Expectations for a U.S. interest-rate increase as early as next week dulled investment demand for the metal. April gold declined by $9.40, or 0.8%, to settle at $1,216.10 an ounce--the lowest settlement since Feb. 1, according to FactSet data.

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