Gold Logs Another Loss to Close Below $1,800

Gold prices declined on Tuesday for the sixth time in eight sessions, as the U.S. Dollar (USD) rose against major currencies.

Gold futures for August delivery finished lower by $5.50, or 0.31%, at $1,776.30 per ounce.

The yellow metal’s most active contract has extended its losses month-to-date to 6.63%.

Gold has now declined below the $1,800 support level, after giving up the $1,900 key level.

Meanwhile, silver futures for June delivery lost 16.70 cents, or 0.64%, and closed at $25.848 per ounce.