Gold Futures Mark Fourth Straight Down Session

By Myra P. SaefongMarketsMarketWatch Pulse

Gold futures marked a fourth straight session decline on Monday as traders looked to comments from Federal Reserve officials for further clues on the timing of a U.S. interest-rate increase. Just ahead of the settlement for gold futures, Fed Gov. Lael Brainard called for "prudence" in raising interest rates, which some analysts believe implies that she will vote to leave interest rates unchanged at the central bank's meeting later this month. December gold lost $8.90, or 0.7%, to settle at $1,325.60 an ounce. That was the lowest settlement for the contract since Sept. 1, according to FactSet data.

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