Metals Stocks: Gold marks lowest finish in nearly 8 weeks

Gold prices booked their lowest settlement in nearly eight weeks after suffering from their first monthly decline since March, as the U.S. dollar spent much of the session rebounding from last week’s sharp loss and gains in U.S. equities dulled investment demand for the precious metal.

August gold on Comex GCQ7, -1.76% fell $23.10, or 1.9%, to settle at $1,219.20 an ounce. The settlement was the lowest since May 10, according to FactSet data tracking the most-active contracts.

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Prices ended Friday at $1,242.30, leaving it down about 1.1% for the week and 2.6% for the month.

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