Gold prices settled lower Tuesday, down a second session in a row as prices continued to pull back from a record streak of 11 straight gains. Strength in the U.S. dollar and stock market helped dull investment demand for the precious metal ahead of key U.S. inflation data this week that are expected to offer hints on this year’s pace of Federal Reserve interest-rate increases. February gold fell $6.70, or 0.5%, to settle at $1,313.70 an ounce.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News