Gold drops for third day amid stronger U.S. Dollar

Source: Bloomberg

Gold declined for the third straight session on Monday extending its losing streak to the biggest drop in a week since April as the metal entered a bear market after holdings continued to decrease and as U.S. Dollar appreciated. Bullion for delivery this month slipped 1.5% to $1,426.16 an ounce and was traded at $1,435.72 as of 2:24 p.m. Singapore time.


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