Gold futures settle at a more than one-month low

Gold futures dropped on Tuesday for a fifth session in a row, settling at their lowest level since mid-April, as upbeat U.S. economic data raised expectations for a Federal Reserve interest-rate hike in June. Gold for June delivery fell $22.30, or 1.8%, to settle at $1,229.20 an ounce.

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.