Gold Resumes Slide With Attention on Rising Rates, Dollar Strength -- MarketWatch

By Anonymous

Myra P. Saefong And

Rachel Koning BealsMarketWatch

Gold futures retreated Monday, leaving the market headed toward its third drop in the past four sessions as Treasury yields remained elevated and a leading dollar index firmed.

December gold fell $8.30, or 0.7%, to $1,197.40 an ounce. Despite its wavering price action over recent sessions, Friday’s gain was enough to hand the metal a roughly 0.8% advance for last week, according to FactSet data.