Published August 30, 2016 2:10pm EDT | Updated August 30, 2016 3:03pm EDT

Gold Futures Log Lowest Finish Since June

Gold futures suffered a sharp loss Tuesday, as a climb in U.S. consumer confidence in August helped to raise the prospects of a Federal Reserve interest-rate increase which, in turn, fed strength in the U.S. dollar. Gold for December delivery lost $10.60, or 0.8%, to settle at $1,316.50 an ounce. That was the lowest settlement for the contract since June 23, according to FactSet data.