Posted by: youngragingbull | May 16, 2013

Gold posts six-session loss of 6%

Gold futures continued to slide during Thursday’s trading session.

June gold fell $9.30, or 0.7%, to settle at $1,386.90 an ounce on the Comex division of the New York Mercantile Exchange.

Recent strength in equities and the U.S. dollar contributed to gold’s losing streak, which has cut prices by a total of 6% in six sessions.

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