: Gold futures settle lower for a third straight session

Gold futures declined on Thursday to tally a third session loss in a row. The next big event for gold, and indeed the dollar, is the U.S. CPI data next week, which “could influence the Fed’s decision whether to hike [rates] further or not,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. Thanks to the resilience of U.S. economy, the market is expecting interest rates to remain at current levels longer than previously expected, he said. “This is what has helped to keep the dollar underpinned and gold undermined.” December gold GCZ23 declined by $1.70, or about 0.1%, to settle at $1,942.50 an ounce on Comex.

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