Gold settles lower for fourth session in five ( GCZ2 ) (by Myra P. Saefong)
SAN FRANCISCO (MarketWatch) -- Gold futures settled lower Monday for a fourth session in five, pressured by a stronger U.S. dollar. Floor trading in New York was closed due to a mandatory evacuation order ahead of Hurricane Sandy's expected landfall in the evening but the metals futures contracts traded on the electronic platform and settled at their usual times. Gold for December delivery (gcz2) fell $3.20, or 0.2%, to settle at $1,708.70 an ounce. When asked if floor trading will resume Tuesday, a CME Group spokesman said the CME "will continue to monitor the situation as well as continue our coordination with other exchanges."