Gold falls for fourth straight session

December gold futures dropped 1.55% to $4,011 an ounce

Gold futures fell for a fourth consecutive session on Tuesday after US lawmakers reached a deal to end the longest government shutdown in history.

December gold futures dropped 1.55%, or $63.5, to $4,011 an ounce.

Spot gold slipped 0.8% to $4,011.82 an ounce, while spot silver fell about 1% to $49.71 an ounce.

The US dollar index, which measures the currency against a basket of six major currencies, edged down 0.1% to 99.5 at 9:20 a.m. Mecca time.

December silver futures fell 2.45% to $49.46 an ounce. Spot platinum declined 0.95% to $1,522.01, and palladium lost 1.3% to $1,376.33 an ounce.

Federal Reserve Vice Chair Philip Jefferson said on Monday the US central bank should move slowly on further interest rate cuts, lowering market expectations for reductions next month, Reuters reported.