Metals Stocks: Gold futures suffer worst settlement in over a week


Gold futures fell Monday, continuing to trade near a 2 1/2-month low in the wake of upbeat U.S. hiring data.

Strong economic data has boosted expectations for a U.S. interest-rate hike, lifting dollar appeal at the expense of gold demand.

Early Monday, December gold futures GCZ6, -0.22% lost $6, or 0.5%, to $1,338.40 an ounce. Gold settled at $1,344.40 an ounce Friday, down 1.7%, and marking the worst day for an actively traded contract since May 24, according to FactSet data.

“Gold traders reduced their positions and took some profit off the table as the odds of the U.S.

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