Metals Stocks: Gold drops in back-to-back sessions as dollar sellers stand down

Gold futures fell Wednesday for a second straight session, adding to their decline from the one-month high they hit at the start of the week as the U.S. dollar strengthened.

“With higher bond yields, a jump in the U.S. dollar and the overbought condition of the market, a short-term setback for gold and silver may be in order,” said analysts at Zaner Group, in a note Wednesday.

Gold for April delivery on Comex GCJ7, -0.31% fell $3.50, or 0.3%, to $1,252.10 an ounce. It settled Monday at a one-month high, then lost a dime on Tuesday.

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