Gold finished lower on Tuesday, as it remained weighed down by recent hints from the U.S. Federal Reserve that an interest-rate increase could come yet this year.

December gold ended down $21.80, or 1.9%, to settle at $1,114.10 an ounce, posting its worst point and percentage drop since Oct. 29, when it lost $28.80, or 2.5%. Tuesday’s decline marks the metal’s fourth consecutive decline and its longest losing streak since Sept. 25, when the precious metal went on a five-session losing streak, according to FactSet data.

Investors and analysts are watching U.S. economic data for further clues as to when the country’s first rate rise in almost a decade will come, but many believe that such numbers will provide a patchy picture going forward, keeping pressure up on the precious metal.

Source: Bloomberg