Gold futures end lower for a third straight session

Gold futures ended Wednesday with a third loss in a row. A rise in U.S. Treasury yields, following a strong reading on first quarter U.S. economic growth, put pressure on prices. “Gold will eventually climb higher, it just needs to see the bond market believe that the Fed will remain stubbornly accommodative throughout the next few months of robust economic data,” said Edward Moya, senior market analyst at Oanda. June gold fell $5.60, or 0.3%, to settle at $1,768.30 an ounce.

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