Gold Ends Near 5-year Low

By Mark DeCambreMarketWatch Pulse

Gold futures finished at their lowest level in nearly two weeks Wednesday and almost closed at its lowest level in five years. Under siege from a strong dollar and the prospect of an imminent interest-rate hike. December gold lost $5.10, or 0.5%, to settle at $1,085.60 an ounce, after closing marginally higher on Tuesday at $1,090.70 an ounce. Gold's settlement on July 24 at $1,085.50 an ounce was the lowest settlement for a most active contract since Feb. 10, 2010.

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