Gold Settles Lower For First Time In Four Sessions

By Myra P. Saefong Markets MarketWatch Pulse

Gold prices settled lower Monday for the first time in four sessions, as gains in global stock markets helped to dull investment demand for the metal. August gold fell $10, or 0.8%, to settle at $1,246.40 an ounce. Prices had dropped to as low as $1,236.50 in electronic trading overnight in the U.S. in the wake of a large sell order that some analysts attributed to a "fat finger," or possible input error, trade.

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