Gold futures settle below $1,800, at a more than 1-week low
Gold futures declined on Monday to settle at their lowest level in more than a week — below the key $1,800 mark. Analysts attributed the decline, in part, to strength in the U.S. dollar, with the ICE U.S. Dollar index
DXY,
up 0.8% in Monday dealings, pressuring dollar-denominated prices of the precious metal. December gold
GCZ22,
fell $17.40, or 1%, to settle at $1,798.10 an ounce. Prices based on the most-active contract settled at their lowest since Aug. 5, FactSet data showed.
