Gold Prices Settle At a More Than 5-month Low

Gold futures settled Monday at their lowest level since early June, pressured by the U.S. dollar index's climb to its highest level in about a year. Prices for the yellow metal, however, pared much of their earlier losses, with prices finding some support after falling over the previous five sessions in a row and suffering from their largest weekly decline in over three years. December gold fell $2.60, or 0.2%, to settle at $1,221.70 an ounce.