Gold Sees First Loss in Four Sessions

Gold prices declined on Thursday after three consecutive rises, losing the $1,900 level, as the U.S. Dollar (USD) strengthened with the Treasury yields rising.

The yellow metal futures for June delivery lost $5.5, or 0.3%, to close at $1,895.70 per ounce.

Gold futures for August delivery also dropped $5.30, or 0.3%, to settle at $1,898.50 per ounce.

By today’s loss, gold’s most active contracts gave the highest level recorded since January 7.

Meanwhile, silver futures for July delivery increased by 0.2% to $27.94 per ounce to recover some of Wednesday’s losses.