Gold Prices Settle At An Eight-week Low

By Myra P. SaefongMarketsMarketWatch Pulse

Gold prices dropped Tuesday to their lowest finish in about eight weeks. Strength in the U.S. dollar pressured prices for the metal, which is traded in the greenback. Growing expectations that the U.S. Federal Reserve will raise interest rates at its meeting next month also contributed to weakness for gold prices. June gold fell $11, or 0.9%, to settle at $1,216.10 an ounce. That was the lowest finish since March 15, according to FactSet data.

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