Gold prices down a third straight session as investors await further cues on interest rates

Gold futures settled lower on Thursday for a third session in a row as investors looked to recent economic data and a busy calendar of speeches by Federal Reserve officials for cues on the path for U.S. interest rates.

Price action

Market drivers

“Gold prices remained under pressure and could continue to see a decline as traders take U.S. economic data into account, as well as the changing expectations around U.S. monetary policy,” said Bas Kooijman, chief executive officer at DHF Capital, in emailed commentary. 

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