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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