Gold futures closed lower Wednesday, extending their losing streak to a fifth session as the metal failed to garner much buying interest on the heels of a stronger U.S. dollar.
Gold for February delivery fell $31.40, or 2%, to settle at $1,564.10 an ounce on the Comex division of the New York Mercantile Exchange, tallying a five-session decline of 3.3%.
That was the lowest closing level for a most active contract since mid-July.
Silver futures, which are typically more volatile than gold, saw their March contract sink $1.51 to finish at $27.23 -- the lowest closing level for a most-active contract since late January
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