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Gold settles at 1-month low after worst week in nearly 2 months

Gold futures finished at their lowest in over a month on Monday, following their worst weekly pullback in nearly two months as U.S. dollar strength continued to sap the value of the yellow metal.

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Market drivers

The latest gains for the U.S. dollar against its main rivals weighed on gold prices on Monday. The ICE U.S. Dollar Index DXY, a gauge of the dollar’s strength against a basket of rivals, was up by 0.3% at 103.19. That was the greenback’s highest level since July 6, according to FactSet…

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