Gold Logs First Loss in Six Sessions

Gold prices declined on Thursday, snapping a five-session rising streak, amid increasing selling pressures with investors adjusting their positions amid losses by the U.S. Dollar (USD) and stocks markets.

Given the recent rises, selling pressures might have also resulted from profit-making.

Gold futures for August delivery lost $1.90, or 0.1%, to settle at $1,800.20 per ounce.

This is the biggest daily loss for gold’s most active contracts since June 29.

Meanwhile, silver futures fell for the third consecutive session, settling 0.55% lower at $25.967 per ounce.