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Metals Stocks: Gold ends lower on interest-rate outlook, but geopolitical worries buoy

Gold prices settled slightly lower Monday, pressured by expectations for a U.S. interest-rate increase as early as this month, but with uncertainty surrounding a wide swath of geopolitics helping to limit any losses for the safe-haven asset.

North Korean sabre-rattling, China’s trimmed GDP estimate, U.S. President Donald Trump accusing Obama of pre-election wiretapping and the persistence of troubled French presidential candidate François Fillon fueling political uncertainty there all combined to at least bring a short-term bid for gold.

Gold prices had started out Monday’s session trading higher but by the settlement, gold for April delivery GCJ7, -0.02% lost $1 or less than 0.1%, to settle at $1,225.50 an ounce.

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