Gold Market Update

Gold extended its losing streak to a fourth session on Monday as oil failed to sustain its rebound.

Gold for February delivery GCG5, -0.76%  dropped 14.80 points, or 1.2%, to settle at $1,207.70 an ounce, while March silver SIH5, -2.04% sank 49 cents, or 2.9%, to $16.56 an ounce.

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