Gold futures fell for a third straight session on Thursday, extending the retreat from Monday’s intraday high above $2,000 an ounce. A “slightly firmer tone in equity markets these past few days, along with firmer [Treasury] yields” have removed some of the shine from gold, said Michael Hewson, chief market analyst at CMC Marktes UK. June gold fell $7.40, or 0.4 %, to settle at $1,948.20 an ounce, the lowest most-active contract finish since April 11, FactSet data show.
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.