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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

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By Myra P. Saefong

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 /zigman2/quotes/210598269/delayed DXY +0.27% up 0.8% in Monday dealings, pressuring dollar-denominated prices of the precious metal. December gold /zigman2/quotes/210039517/delayed GCZ22 -0.10% 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.

/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
114.42
+0.31 +0.27%
Volume: 0.00
Sept. 28, 2022 6:35a
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/zigman2/quotes/210039517/delayed
US : U.S.: Nymex
$ 1,634.60
-1.60 -0.10%
Volume: 91,612
Sept. 28, 2022 6:35a
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