Gold extends losing streak to four sessions

Gold futures settled lower Tuesday. Disappointing U.S. retail sales data failed to keep prices from extending their losing streak to a fourth straight session.

Gold for August delivery on Comex GCQ5, +0.05%  fell $1.90, or 0.2%, to settle at $1,153.50 an ounce on Comex — its fourth session loss in a row. Prices had climbed to a high above $1,158 shortly after retail sales data were released, then pulled back.

September silver SIU5, +0.03%  gave up 14.2 cents, or 0.9%, to $15.315 an ounce.

U.S. retail sales fell 0.3% in June, versus expectations for a 0.2% rise. The dollar weakened against major rivals after the data, offering some support for dollar-denominated gold, but the ICE U.S. dollar index DXY, +0.10% was down just 0.2% at last check.

Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my