Gold Settles 0.5% Lower For Eighth Day Of Losses

Gold settled lower Thursday for an eighth straight session of declines, matching its longest losing streak since May 2016, even as the dollar weakened. Gold for April delivery fell $6.20, or 0.5%, to settle at $1,203.20 an ounce, its lowest settlement since late January. Silver for May delivery declined 26 cents, or 1.5%, to settle at $17.04 an ounce. Meanwhile, the U.S. Dollar Index [s; dxy] declined 0.2% to 101.83.