Gold Prices Down for Third Day in Row

Gold prices continued to decline on Thursday for the third consecutive session, as the US Dollar (USD) rose against major currencies.

Positive news about a Coronavirus vaccine and fears about renewed lockdown measures against a new wave of the pandemic seem to be balancing out with the rise of the greenback leading to the yellow metal decline.

Gold futures for December delivery lost $12.40, or 0.7%, and finished at $1,861.50 per ounce.