February gold settled $5.90, or 0.6%, lower at $1,068.20 an ounce, after finishing lower Tuesday. The contract had previously recorded two straight sessions of gains.
The FXTM analyst added that a strong dollar might add to the headwinds for gold and other dollar-denominated metals, making them more expensive for buyers using other currencies. On Wednesday, the ICE U.S. Dollar Index DXY, -0.21% a measure of the buck against a basket of six major currencies, was 0.2% higher.
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