Gold Futures Settle At a One-month Low

Gold futures suffered a sharp loss on Wednesday as traders hoped for some clarity on the near-term path for U.S. interest rates from Federal Reserve Chairwoman Janet Yellen's speech later this week. Gold for December delivery lost $16.40, or 1.2%, to settle at $1,329.70 an ounce. That was the lowest settlement for the contract since July 26, according to FactSet data.

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