Published May 24, 2016 1:56pm EDT | Updated May 24, 2016 2:04pm EDT

Gold Futures Settle At a More Than One-month Low

Gold futures dropped on Tuesday for a fifth session in a row, settling at their lowest level since mid-April, as upbeat U.S. economic data raised expectations for a Federal Reserve interest-rate hike in June. Gold for June delivery fell $22.30, or 1.8%, to settle at $1,229.20 an ounce.