Gold futures fell for an eight straight session Monday, as data showing China’s gold reserves at half what the market expected helped push prices to their lowest level in more than five years.August gold GCQ5, -0.40% dropped $25.10, or 2.2%, to settle at $1,106.80 an ounce on Comex, after briefly trading as low as $1,080. Prices, which fell over the past seven sessions in a row, haven’t settled at levels this low since March 30, 2010, based on the most-active contracts.
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