Gold prices log 9th straight session of losses

Gold futures logged a ninth straight session of losses on Tuesday, as growing expectations the U.S. Federal Reserve will raise interest rates later this year and a lack of interest in the metal as a haven investment kept prices at their lowest levels in more than five years.

August gold GCQ5, -1.00%  settled at $1,103.50 an ounce on Comex, down $3.30, or 0.3%, after dipping below the psychological mark of $1,100 an ounce in early Asia hours. Prices remain at their settlement level since March of 2010.

September silver SIU5, -0.61%  nudged up to $14.785 an ounce, ending 2.7 cents, or 0.2%, higher. On Monday, it settled at its lowest level since August 2009.

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