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Gold prices tally 7th straight drop, marking lengthiest skid in 2 years


Wednesday, 6 March 2019 02:43 WIB

GOLD Spot EmasGold Spot


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Gold futures finished lower on Tuesday to tally a seventh straight loss, the longest streak of daily declines in two years, as strength in the dollar and a lower economic growth forecast for China dulled demand for the precious metal.

April gold lost $2.80, or 0.2%, to settle at $1,284.70 an ounce, with prices based on the most-active contract again finishing at the lowest since Jan. 24, according to FactSet data. A loss Tuesday for gold marked seven consecutive losses, the longest stretch of declines since the nine-session fall ended March 10, 2017, according to Dow Jones Market Data.

Source : MarketWatch


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