February gold was $1.80, or 0.2%, lower at $1,058.20, after ending the previous session at its lowest level in about two weeks. The yellow metal is on pace to cap the week with a 1.5% drop, along with a 0.5% decline in December and a withering 10.5% decline for the year, according to FactSet data.
Gold has declined for three straight years, starting back in 2013. That is the longest streak of annual losses for the metal since 1996, FactSet shows.
Gold’s sister metal, silver, didn’t fare much better. March silver is off a penny Thursday, or less than 0.1%, at $13.84 an ounce. The gray metal is on track to end the week with a 3.8% weekly decline, a 1.8% monthly fall and an annual drop of 11.3%.
The bruising year for metals comes amid a broader commodity rout sparked by worries about the health of China–the world’s second largest economy and the largest importer of metals.
A rise in the dollar which has gained 9.1% in 2015, also weighed on dollar-denominated metals, making them less appealing to buyers using other monetary units.