Gold futures declined Thursday for a fourth straight session, settling at their lowest in nearly two months. The precious metal is “kind of doing its own thing and weakening as more traders capitulate and agree that the [Federal Reserve] will deliver a few more quarter-point rate rises,” said Edward Moya, senior market analyst at OANDA. Gold is at a 2-month low and “it will probably take confirmation that the economy is slowing down faster before prices can muster up a meaningful rally.” Gold for April delivery GCJ23, -0.58% fell $14.70, or 0.8%, to settle at $1,826.80 an ounce on Comex. That was the lowest most-active contract finish since Dec. 30, FactSet data show.
This article was originally published by Marketwatch.com. Read the original article here.