Gold Market Update : Epic Research Singapore

Gold finished lower on Tuesday, as it remained weighed down by recent hints from the U.S. Federal Reserve that an interest-rate increase could come yet this year.

December gold GCZ5, +0.65%  ended down $21.80, or 1.9%, to settle at $1,114.10 an ounce, posting its worst point and percentage drop since Oct. 29, when it lost $28.80, or 2.5%. Tuesday’s decline marks the metal’s fourth consecutive decline and its longest losing streak since Sept. 25, when the precious metal went on a five-session losing streak, according to FactSet data.

December silver SIZ5, +0.43%  was little changed cents finishing at $15.24 an ounce.

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