Gold Books 3rd Loss In a Row As Dollar Strengthens

By 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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