Gold futures settled Tuesday at their lowest in about a week, feeling pressure from a stronger U.S. dollar in response to downbeat economic data out of China and Europe along with rising bond yields after an oil output cut by Saudi Arabia and Russia raised the specter of inflation again .
Price action
Market drivers
Gold and silver both rose around 1.4% last week as a fall in Treasury yields reduced the opportunity cost of holding nonyielding assets. U.S. markets were closed Monday for the Labor Day holiday.
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