December Gold Closes At Lowest Level In About a Month

By MarketWatch Pulse

Gold prices finished lower on Monday, ending at their lowest settlement level since the beginning of October. December gold was $5.50, or 0.5%, lower at $1,135.90 an ounce on Comex, marking the lowest finish for the yellow metal since Oct. 1, when gold closed at $1,113.70 an ounce. Heightened expectations for an increase of benchmark interest rates as early as next month are weighing on commodities like gold that don't bear interest.

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