Gold Closes Lower for Second Session in Row

Gold prices declined on Thursday, for the second consecutive session despite the U.S. Dollar (USD) and Treasury bond yields decreasing, falling for the third time this week.

The yellow metal front-month futures lost $4.40 or 0.24% to finish at $1808.70 per ounce.

This is the lowest closing level for gold contracts since August 26.

Gold futures remain lower year-to-date by $84.40 or 4.46%.

Meanwhile, silver futures lost 30.20 cents or 1.3% to finish at $23.875 per ounce.

This is the largest daily decline for silver since August 12, and the lowest closing value since August 26.