: Gold futures post a 9th straight session decline


Gold futures finished lower on Thursday, following declines in each of the past eight consecutive sessions, marking the longest daily losing streak in more than six years, according to Dow Jones Market Data. The precious metal has been under “intense pressure” due rising U.S. bond yields and a strong dollar, said Fawad Razaqzada, market analyst at City Index and FOREX.com. On top of that, “you have concerns about demand from China where the economy is evidently at a standstill,” he said. Gold for December delivery GCZ23, -0.65% fell $13.10, or 0.7%, to settle at $1,915.20 an ounce on Comex.

This article was originally published by Marketwatch.com. Read the original article here.

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