Gold logs longest losing streak since July

Gold futures fell on Thursday, extending their losing streak to a sixth consecutive session, a day ahead of the release of a key monthly U.S. employment report.

December gold GCZ5, +0.39%  shed $2, or 0.2%, to settle at $1,104.20 an ounce on Comex. The declines over six sessions in a row marked the longest losing streak since July, when prices fell for 10 straight sessions.

December silver SIZ5, +0.25%  also lost 7.5 cents, or 0.5%, to end at $14.983 an ounce.

Friday’s nonfarm payrolls report is expected to show a gain of 177,000 jobs with unemployment holding at 5.1%, according to forecasts from economists polled by MarketWatch.

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