Metals Stocks: Gold slips as dollar heads for fourth loss in a row

Gold futures traded slightly lower in bumpy trade on Monday, headed for a fourth consecutive slide, with a popular gauge for the dollar putting the buck, an influential asset for the commodity, also poised for a multisession skid.

In recent trading, June gold GCM8, -0.14% fell $2.20, or 0.2%, to $1,318.50 an ounce. It was positive earlier in the day. Gold futures have held below Thursday’s settlement at $1,322.30, which marked a recent peak, the highest finish for a most-active contract since April 27. Gold futures logged a roughly 0.5% rise last week, however, the first weekly climb in about a month.

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