Gold Declines for Third Day in Row as USD Rises

Gold prices finished lower on Thursday for the third consecutive session as the U.S. Dollar strengthened against major currencies, a day after the release of the Federal Reserve’s July meeting minutes.

The yellow metal futures for December delivery lost $1.30, or 0.08%, to finish at $1,783.10 per ounce.

The Dollar Index (DXY) approached its highest level in nine months above 93.58. The index was last seen higher for the day by 0.45% at 93.55.

Gold futures are down for the month by about 1.79%.