Gold prices posted a a sixth straight losing session on Monday — its longest losing streak since early July, as the rising dollar and higher Treasury yields continued to weigh on precious metals.Price action
Gold futures
GCZ22,
-0.76%
for December delivery declined by $14.50, or 0.8%, to settle at $1,748.40 per ounce on Comex, the lowest most-active contract finish since July 27, FactSet data show. The loss was the sixth in a row for gold, the longest daily losing streak since the seven-session fall ended on July 6.
Silver futures
SIU22,
-1.07%
for September delivery lost 19 cents, or 1%, to $18.878 per ounce as losses in silver continued to outpace losses for gold. The precious metal was down a sixth straight session, its longest consecutive run of losses since early May.
Palladium
PAU22,
-7.24%
for September delivery fell $149.60, or 7%, to settle at $1,981.80 per ounce, the lowest in more than a month. Platinum
PLV22,
-2.42%
for October delivery fell $20, or nearly 2.3%, to $868 per ounce.
Copper for September
HGU22,
-0.40%
delivery was off by a penny, or nearly 0.4%, to $3.6515 per pound.
What analysts are saying Carlo Alberto De Casa, an external market analyst at Kinesis Money, …