Gold prices lurched lower on Tuesday, extending the losing streak to nine consecutive trading days, as investors continued to stream out of the market amid expectations of higher interest rates in the U.S.

The most actively traded contract, for August delivery, fell $3.30, or 0.3%, to settle at $1,103.50 a troy ounce on the Comex division of the New York Mercantile Exchange. This was the lowest settlement since March 25, 2010, when prices closed at $1,102.90 an ounce.

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