Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999, after upbeat U.S. economic data strengthened expectations for a near-term hike in interest rates.
Bullion was also set to end July with its biggest monthly decline in more than two years after a deep rout last week further shook investor confidence, with more losses seen ahead.
The July 20 selloff saw gold trip more than 3 percent, encouraging more investors since then to trim their holdings that pulled the global spot benchmark to $1,077 days later, its lowest since February 2010.
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Bullion was also set to end July with its biggest monthly decline in more than two years after a deep rout last week further shook investor confidence, with more losses seen ahead.
The July 20 selloff saw gold trip more than 3 percent, encouraging more investors since then to trim their holdings that pulled the global spot benchmark to $1,077 days later, its lowest since February 2010.
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