Gold Futures Log First Monthly Loss Of The Year

Gold futures on Tuesday marked their first gain in nine sessions, but still suffered a loss of nearly 6% for the month--their first monthly loss of the year. June gold settled at $1,214.80 an ounce, up $1, or less than 0.1%, Tuesday edging up after eight sessions of declines in a row. For the month, however, prices suffered as expectations for a U.S. Federal Reserve interest-rate increase grew. Gold futures lost 5.9% for the month of May, which marked its first losing month since December.