By Marco Quiroz-Gutierrez

 

Long a haven for nervous investors, front-month gold futures have fallen for five straight sessions in their longest streak of declines since April 2020.

The move remains relatively muted--gold has lost 1.1% to $1,844.90 a troy ounce--a sign investors still remain cautious about the prospects for vaccine rollouts quickly powering a surge of economic growth and a rise in interest rates.

Gold has stayed within a narrow range in recent weeks and remains roughly 10% from its record high of $2,051.50 hit in August.

 

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(END) Dow Jones Newswires

January 27, 2021 15:20 ET (20:20 GMT)

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