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Gold heads toward 8th-straight loss as oil slides, dollar steadies

Gold futures pushed their slide into an eighth consecutive session Thursday as prices languished at their lowest since early February. A sharp drop for oil prices, as crude dropped below $49 a barrel for the first time this year, weighed on gold trading. The yellow metal fell even as a rising dollar index paused its advance; gold and the dollar typically move inversely since a higher dollar makes gold more expensive for investors using another currency.

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