Gold Falls on Strong Dollar, US Housing Data – Wall Street Journal

Gold prices fell Monday as a stronger dollar and upbeat U.S. housing data clouded the outlook on U.S. interest rates, sapping investor interest in the precious metal.

The most actively traded gold futures contract, for December delivery, closed $10.30, or 0.9%, lower at $1,172.80 a troy ounce on the Comex division of the New York Mercantile Exchange.

Gold had on Thursday rallied to $1,187.50, the highest close since mid-June,…