Gold Futures Settle At Lowest Level Since 2010

By Myra P. SaefongMarketWatch Pulse

Gold futures settled on Friday at their lowest level in more than five years, hit by a selloff by a large trader, according to an analyst, as China revealed its gold holdings for the first time since 2009. August gold shed $12, or 1.1%, to settle at $1,131.90 an ounce for the Comex session. It lost about 2.3% for the week.

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