Gold futures end lower for a third straight session
Gold futures settled lower on Tuesday, marking a third straight session decline as bond yields and the dollar climbed, dulling the metal's investment appeal. Changes in bond yields and the U.S. dollar index will continue to impact the gold price until the Federal Reserve monetary policy meeting next week, said Chintan Karnani, director of research at Insignia Consultants. February gold fell $4.10, or 0.2%, to settle at $1,812.40 an ounce. Prices based on the most-active contract posted declines on Thursday and Friday, ahead of Monday's Martin Luther King, Jr. holiday.
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