Gold heads for 4th straight loss, on track for longest losing streak since April

Bullion was deepening its slide toward its lowest price since late July as investors appeared to prefer the turn to the U.S. dollar amid rising concerns about the global economic outlook and increased cases of COVID-19.

“The second wave of coronavirus infections raised uncertainty over the economic recovery and upcoming U.S. elections uncertainty” has been driving demand for dollar index, putting dollar-denominated gold under pressure, analysts at ICICI Bank wrote in a Thursday research note.

https://www.marketwatch.com/story/gold-prices-add-to-slide-on-track-for…