Gold finished lower on Tuesday, as it remained weighed down by recent hints from the U.S. Federal Reserve that an interest-rate increase could come yet this year.

December gold US:GCZ5 ended down $21.80, or 1.9%, to settle at $1,114.10 an ounce, posting its worst point and percentage drop since Oct. 29, when it lost $28.80, or 2.5%. Tuesday’s decline marks the metal’s fourth consecutive decline and its longest losing streak since Sept. 25, when the precious metal went on a five-session losing streak, according to FactSet data.

Investors and analysts are watching U.S. economic data for further clues as to when the country’s first rate rise in almost a decade will come, but many believe that such numbers will provide a patchy picture going forward, keeping pressure up on the precious metal.

Analysts see little reason to expect a solid recovery and predict that the market will stay either flat, or will fall, during the rest of this week.

The Fed hinted last Wednesday that a rate increase is still on cards at their December meeting. A recent run of weak U.S. economic data made many market players predict a rate increase wouldn’t happen until 2016. A reversal of that view has abruptly halted gold’s momentum.

“There is still no end in sight for the falling prices of gold,” said Fawad Razaqzada, technical analyst at Forex.com. Razaqzada says the prospect of a rate increase in December has weighed on dollar-denominated assets like gold and silver because higher rates mean higher returns on dollar-deposits, which strengthens the appeal of the greenback but is a drag on dollar-based metals.

December silver US:SIZ5 was little changed cents finishing at $15.24 an ounce.

“The markets have since been pricing in a higher probability for a rate rise in December and the dollar has correspondingly gained ground,” Razaqzada said, who added the a dovish European Central Bank and negative interest rates in other countries have been supportive of a stronger dollar.

The next big piece of data commodities investors are looking ahead to is Friday’s jobs report, which could determine the pace and timing of the Fed’s rate increase.

See also:Strong jobs report could trigger Fed rate hike

But even poor figures on Friday may not be enough to reassure gold investors. A weak number could be seen as relating to a specific situation in the labor market rather than a sign of more general weakness, said Matthew Turner, a precious metals analyst at Macquarie.

Any economic U.S. data could be interpreted in various ways, so investors are unlikely to see clear-cut signals on near-term rate decisions, Turner said.

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Still, not everybody is giving up on gold.

The World Gold Council argues short-term volatility may disguises longer term trends. Some analysts point to demand from central banks in China, India and Russia as being still solid and expect consumer demand in India to pick up.

In other metals, December copper US:HGZ5 ended less than a penny higher to finish at $2.33 a pound. January platinum US:PLF6 lost $16.20, or 1.7%, to close at $962.20 an ounce and December palladium US:PAZ5 shed $6.35, or nearly 1%, to settle at $644 an ounce.