Gold futures settled near a one week low on Tuesday as news that China cut its benchmark interest rate helped stabilize global markets and bolster the U.S. dollar, prompting prices to log a decline for a second straight session.Gold for December delivery GCZ5, -0.14% fell by $15.30, or 1.3%, to settle at $1,138.30 an ounce on Comex—the lowest settlement since Wednesday. September silver SIU5, -0.31% ended 15.2 cents, or 1%, lower at $14.61 an ounce, extending Monday’s 3.5% loss.
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