Gold futures falls for fourth straight session

Gold futures on the COMEX division of the New York Mercantile Exchange ended lower on Tuesday for the fourth session in a row, logging the lowest settlement since mid-August as a climb in US equities drew investors away from the precious metal.

The most active gold contract for April delivery fell $5.3, or 0.33 percent, to settle at $1,604.2 per ounce. It was the lowest level for the most active gold futures contract since Aug 14, according to FactSet data. Gold prices have now tallied a four-session loss of more than $45 an ounce, pressured in part by a lack of demand from China, which celebrated the Lunar New Year last week.

China Daily - Agencies