Metals Stocks: Gold gives up gains, extends losing streak to a fifth session

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A Lebanese gold trader hands over a 12 kg gold bar at his warehouse in Beirut.

Gold futures failed to hold on to earlier gains Tuesday as pressure from strength in the U.S. dollar prompted prices to extend their losing streak to a fifth session in a row.

Some dovish Federal Reserve comments on Monday had helped to cool expectations for an interest-rate hike as soon as next week, but the greenback managed to post gains Tuesday ahead of next week’s Fed policy meeting.

On Tuesday, December gold GCZ6, -0.40% fell $1.90, or 0.1%, to settle at $1,323.70 an ounce.

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