Gold Futures Slide For Second Session On Firm U.S. Dollar

Gold futures fell for a second session on Thursday as the dollar maintained its strength and demand for riskier assets remained relatively robust. The U.S. Dollar Index rose for a third day and U.S. stocks were marginally higher. June gold slid $21.80, or 1.8%, to settle at $1,226.50 an ounce. "Nothing new so far just the momentum is picking up towards the downside but we do not expect any major sell off or new trend developing," said Naeem Aslam, chief market analyst at AvaTrade.

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