Gold retreats for seventh straight session as dollar powers up

Gold futures tilted lower in American trade, heading for the longest streak of losses since October 2016 as the dollar index hit January 2017 highs, amid a lack of data from the US today due to the Veterans' Day bank holiday. 

As of 03:28 GMT, gold futures due in December shed 0.28% to $1,205.20 an ounce, marking October 11 lows, while the dollar index rose 0.44% to 97.33, marking early 2017 highs. 

Now Investors await Federal Reserve Bank of San Francisco President Mary Daly's speech about the economic outlook at the Regional Economic Development for Eastern Idaho Conference, later today.

The Federal Reserve voted at the November 7-8 meeting to maintain interest rates at below 2.25% as expected by market analysts, while vowing to carry on the path of policy tightening.  

Otherwise, Gold holdings at SPDR Gold Trust, the world's largest gold-backed investment fund, steadied on Friday at 755.23 tonnes, after prices snapped the longest monthly losing streak since 1996 with a profit in October.