Gold futures settle at their lowest price in more than a week

NEW YORK (Oct 10) Gold futures declined on Monday, with prices for the most-active contract settling at their lowest since Sept. 29. A “resurgent greenback and dwindling faith in slower monetary tightening” led to losses for the precious metal, said Craig Erlam, senior market analyst at OANDA, in market commentary. Gold for December delivery GC00, -1.94% fell $34.10, or 2%, to settle at $1,675.20 an ounce on Comex.

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