Gold trades below $1,100, extends losing streak

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Source: Marketwatch
The yellow metal was lower for the tenth straight day on Wednesday, as the Dollar continued to appreciate and its strength has impact on Dollar-denominated commodities. The gold futures traded 1% lower to $1,092.9 an ounce by 8:50 AM GMT. The possibility of a rate hike by the Fed later in the year is pushing the Greenback higher. In addition, investors are becoming more bullish in other asset classes and are buying less gold to hedge risk. 
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