Gold posts eighth straight daily drop, longest losing streak in more than six years

Gold futures finished below $1,900/oz Wednesday, falling for the eighth straight session to its lowest settlement in five months, pressured by higher U.S. Treasury yields and a firm dollar.

Treasury yields finished higher across the curve, including a 4 bps increase on the benchmark 10-year yield to 4.26%, while the dollar index rose 0.2%, making bullion more expensive for overseas buyers.