Gold futures fell sharply on Monday to settle at their lowest in about two months, with the dollar-denominated metal pressured by strength in the U.S. dollar. "The safe haven is once again not providing shelter in these hazardous times," said Craig Erlam, senior market analyst at Oanda. "The dollar is instead making strides higher which is further pressuring commodity markets and taking gold with it." December gold /zigman2/quotes/210039572/delayed GCZ20 +0.58% fell $51.50, or 2.6%, to settle at $1,910.60 an ounce.
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Gold prices drop nearly 3% as rise in coronavirus cases sparks dollar rally