Gold futures mark lowest finish in a month

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Gold futures fell on Monday, pressured as a rise in the U.S. stock market and signs of strength in the dollar pulled prices for the metal to their lowest settlement since late July. “The rebound in the dollar has been impressive after breaking key support last week and today’s rebound is another example of that,” said Craig Erlam, senior market analyst at Oanda, in a market update. The ICE U.S. Dollar Index has gone from “looking vulnerable” to eyeing 94, which is a key resistance level, he said. “That would be bad news for gold,” which is priced in dollars. December gold fell $7.80, or 0.4%, to settle at $1,939.20 an ounce. That was the lowest finish for a most-active contract since July 27, according to FactSet data.
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