Gold futures down ninth straight session
黃金預期連續九季度下滑

Gold futures on the COMEX division of the New York Mercantile Exchange fell again Tuesday. That's as traders dumped large quantities of gold within two minutes.

The most active gold contract for August delivery lost 3.3 U.S. dollars, or 0.3 percent, to settle at 11-hundred and 3.5 dollars per ounce. Gold futures have witnessed nine straight sessions of losses since July 9th.

Analysts believe Tuesday's "bear raid" resulted from investors' desire to dump a non-interest bearing asset that came after a sell-off Monday in reaction to rate increase expectations from the Fed. A rate increase by the Fed would drive investors away from gold and towards assets with a return because gold bears no interest.