The strong dollar is weighing on precious metals, analysts said.
Gold appeared headed for a sixth straight losing session on Monday — what would be its longest losing streak since early July — as the rising dollar and higher Treasury yields continued to weigh on precious metals.
“Markets... Gold appeared headed for a sixth straight losing session on Monday — what would be its longest losing streak since early July — as the rising dollar and higher Treasury yields continued to weigh on precious metals. “Markets are now pricing the interest rates to be in the region of 3.5 – 3.75% by the end of this year. Therefore, it is not a surprise that in the last few trading days we have seen a challenging scenario for precious metals,” De Casa said.
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