Gold futures settled lower for the second straight day Wednesday, as the dollar rose ahead of Christmas.February gold settled $5.90, or 0.6%, lower at $1,068.20 an ounce, after finishing lower Tuesday. The contract had previously recorded two straight sessions of gains.
Gold is on pace to end the week 0.3% higher and post a 0.3% gain for the month, despite wrestling with bearish sentiment ahead of the Federal Reserve’s decision last week to raise interest rates for the first time since 2010. For the year, gold is off 9.8%.
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