Gold Prices Settle At a More Than 5-month Low

By Myra P. SaefongMarketsMarketWatch Pulse

Gold futures settled Monday at their lowest level since early June, pressured by the U.S. dollar index's climb to its highest level in about a year. Prices for the yellow metal, however, pared much of their earlier losses, with prices finding some support after falling over the previous five sessions in a row and suffering from their largest weekly decline in over three years. December gold fell $2.60, or 0.2%, to settle at $1,221.70 an ounce.

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