Gold futures suffer worst settlement in over a week

Gold futures fell Monday, finishing at their lowest level in more than a week as upbeat U.S. employment data boosted expectations for a U.S. interest-rate hike and lifted the dollar’s appeal at the expense of gold demand.

December gold GCZ6, -0.29%  lost $3.10, or 0.2%, to settle at $1,341.30 an ounce. Prices haven’t settled at a level this low since July 28.

Gold finished at $1,344.40 an ounce Friday, down 1.7% — marking the worst one-day percentage decline for an actively traded contract since May 24, according to FactSet data.

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