Gold Price Closes At Lowest Level In About 5 Years

By Mark DeCambreMarketWatch Pulse

Gold futures finished lower on Wednesday, settling at their lowest levels in roughly five years, as intensifying worries about the impact of a rate hike weighs on the precious metal. December gold closed $3.60, or 0.3%, lower at $1,084.90 an ounce, marking the lowest settlement for a most-active contract since early 2010, according to FactSet data.

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