Gold futures settled lower for the second day in a row, with traders ignoring a flurry of economic news.

Many market participants are away from their desks getting a head start on the holidays.

Gold for February delivery settled $5.90, or 0.6%, lower at $1,068.20 an ounce.

In economic news, new home sales in the U.S. increased for the second consecutive month in November, while personal income and spending also rose.

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