Gold

Gold Falls for Seventh Straight Day

Longest losing streak in four years

|

Gold fell for the seventh straight trading day Friday, notching its longest losing streak in four years.

May delivery futures fell $22.20, or 1.6%, to settle at $1,364.90 a troy ounce on the Comex division of the New York Mercantile Exchange. This is just a hair above $1,360.60 an ounce, where prices ended on April 15 following a record two-day rout that shaved $200 off gold prices.

July delivery futures were down $22.20, or 1.6%, at $1,364.70 a troy ounce.

Gold's seven-day slide has cut prices by 7.4%, or $109.00 a troy ounce, and marks the longest losing streak since 2009.

Advertisement