Gold set to post third yearly loss in a row

FXStreet (Córdoba) – Gold traded little changed during the last session of the year but remained on track to post monthly and yearly declines.

February gold was less than 0.1% higher at $1,061.30 an ounce. The yellow metal is set to score a 1.4% weekly loss, a 0.5% monthly decline and a 10% fall for 2015, making this the third yearly loss in a row.

The yellow metal has been under pressure during 2015 amid a stronger dollar heading into the Federal Reserve lift-off and broad weakness in commodities amid worries about China’s economy.

Gold traded little changed during the last session of the year but remained on track to post monthly and yearly declines.

(Market News Provided by FXstreet)