Gold Books 3rd Loss In a Row As Dollar Strengthens

By Mark DeCambre Markets MarketWatch Pulse

Gold futures ended lower Tuesday as the yellow metal was weighed down by strength in the U.S. dollar. February gold fell $11, or 1%, to $1,085.20 an ounce, marking its third straight session of declines. The dollar ICE U.S. Dollar Index , a measure of the dollar against a basket of currencies, advanced 0.3%, which put pressure on dollar-denominated commodities. A stronger buck makes assets priced in the currency more expensive to buyers using other monetary units.

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