Gold Maintains Downward Trend for Fourth Session in Row

Gold prices declined on Tuesday for the fourth consecutive session, despite the U.S. Dollar (USD) declining across the board, amid an improved risk appetite among investors and reduced demand for safe havens.

Markets are anticipating the outcome of the United States Federal Reserve policy meeting, which concludes on Wednesday.

The Fed is expected to maintain its easing policies and huge asset purchases to help the economy cope with the impact of the Coronavirus pandemic.

Gold futures for February delivery finished lower by $4.30, or 0.2%, at the level of $1,850.90 per ounce.

With four losses in a row, this is the highest number of consecutive declines for the yellow metal most active futures since it registered five straight losses by the end of April of last year.