: Gold futures mark lowest settlement in more than 5 weeks

Gold futures settled Wednesday at their lowest in more than five weeks. A firmer U.S. dollar pressured prices for the precious metal, said Michael Hewson, chief market analyst at CMC Markets UK. The sharp rebound in U.S. January retail sales of 3% also helped to keep the pressure on the downside, he said. Gold for April delivery GCJ23 dropped $20.10, or 1.1%, to settle at $1,845.30 an ounce on Comex, the lowest most-active contract finish since Jan. 5, FactSet data show.

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