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

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By

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.

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