Gold prices settle at lowest level in nearly 8 weeks

Gold prices fell Monday to settle at their lowest level in almost eight weeks, with strength in the dollar and U.S. stock benchmarks in record territory weakening investment demand for the precious metal. December gold lost $9, or 0.7%, to settle at $1,275.80 an ounce. That was the lowest finish for a most-active contract since Aug. 8, according to FactSet data.

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From:: Stock Market News

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