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Metals Stocks: Gold heads lower for a third straight session

Gold prices headed lower for a third straight session Tuesday, with a key dollar benchmark strengthening on the back of weakness in the euro and British pound, as traders eyed news tied to the U.K.’s exit from the European Union.

U.S. stock indexes were mixed, offering little support to the haven metal even as remarks from President Donald Trump stoked fresh anxieties about the prospects of a near-term resolution of trade tensions between the U.S. and China.

Gold for December delivery GCZ8, -0.80% was down $5.90, or 0.5%, at $1,216.50 an ounce. Gold for February delivery GCG9, -0.80% which has higher open interest volume, shed $5.20, or 0.4%, to reach $1,223.50 an ounce.

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