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Gold settles lower for 3rd day

Gold settles lower for 3rd day

Mubasher: Gold prices declined on Tuesday for the third consecutive session, as the yellow metal lost around $9 due to the strong performance by the US dollar that rose to a new two-week high, supported by rising geopolitical and trade concerns.

Gold futures for December delivery declined 0.7% and settled at the level of 1,213.40 per ounce.

Meanwhile, spot gold went down to $1,214.20 an ounce near the end of the session, while the dollar index extended its gains against major currencies.