Gold Prices Settle Lower, Pulling Back After a 5-session Rise

Gold prices settled with a loss on Thursday, easing back after a streak of gains that spanned five sessions. Prices for the metal had recently climbed on the back of a sharp slump in global equities and weakness in the U.S. dollar, but global stock markets traded mostly higher and the greenback strengthened a bit Thursday. April gold declined by $2.50, or 0.2%, to settle at $1,247.20 an ounce.

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