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Aug. 15, 2022, 1:50 p.m. EDT

Gold futures settle below $1,800, at a more than 1-week low

Gold futures declined on Monday to settle at their lowest level in more than a week --- below the key $1,800 mark. Analysts attributed the decline, in part, to strength in the U.S. dollar, with the ICE U.S. Dollar index (IFUS:DXY) up 0.8% in Monday dealings, pressuring dollar-denominated prices of the precious metal. December gold (NYM:GCZ22) fell $17.40, or 1%, to settle at $1,798.10 an ounce. Prices based on the most-active contract settled at their lowest since Aug. 5, FactSet data showed.

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