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Gold futures settle at lowest in over a week

Gold futures posted losses for the session, as well as the week, on Friday, marking their lowest settlement in more than a week as strength in the U.S. dollar dulled investment demand for the precious metal. “Gold still has a lot going for it, but trade leading up to the FOMC decision [on Wednesday] could see prices settle between the $1,870 to $1,900 trading range,” said Edward Moya, senior market analyst at Oanda. August gold fell $16.80, or 0.9%, to settle at $1,879.60 an ounce, the lowest most-active contract finish since June 3, FactSet data show. For the week, prices lost about 0.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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