Gold futures registered a fourth straight day of losses, settling at their lowest level in more than two weeks, as a climb in the U.S. stock market and strength in the dollar dulled the metal’s investment appeal on Wednesday.The session’s decline contributed to the metal’s losses for the month, quarter and year.
December gold GCZ5, -0.08% settled at $1,115.20 an ounce on Comex, down $11.60, or 1%, for the session. Based on the most-active contracts, prices lost 1.5% for the month and 4.8% for the quarter. Year to date, gold is down 5.8%.
Among the other metals, December silver SIZ5, +0.01% lost 5.5 cents, or 0.4%, to $14.518 an ounce. Prices, based on the most-active contracts, saw a 6.8% quarterly decline and a 0.5% monthly decline in September. Year to date, they were down 6.9%.
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