Gold futures settled lower Monday to finish at a more than one-week low. Growing expectations for an interest-rate increase from the U.S. Federal Reserve following an upbeat report on domestic employment pressured prices for the yellow metal. December gold lost $3.10, or 0.2%, to settle at $1,341.30 an ounce. That was the lowest settlement since July 28, according to FactSet.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News