Gold Futures Fall Eight Sessions In a Row

By Myra P. SaefongMarketWatch Pulse

Gold futures fell Monday for an eighth session in a row, settling at their lowest level in more than five years. Analysts cite a combination of factors for the price decline, including a lack of safe-haven demand and disappointing data on Chinese gold reserves. August gold dropped $25.10, or 2.2%, to settle at $1,106.80 an ounce for the Comex session. That was the lowest settlement for a most-active contract since March 30, 2010.

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