Gold Futures Suffer Monthly Drop Of 6.7%

By Myra P. SaefongMarketWatch Pulse

Gold futures climbed on Monday, but still suffered a loss of roughly 6.7% for the month of November. Growing expectations for a U.S. Federal Reserve interest-rate hike in December and strength in the dollar have pressured prices for the metal in recent weeks. February gold settled at $1,065.30 an ounce on Comex, up $9.10, or 0.9%. The monthly loss was the largest since June 2013.

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