Gold prices fall for 10th day continually

Gold prices dipped on Wednesday. This marked its decline for the 10th day and also the longest span of decline since 1996, following predictions by Goldman Sachs of a further price decline and investors selling more through funds, reports say.

Analysts predict the prices could stand below $1,000, the first since 2009, reports say. The lack of interest in the yellow metal occurred as the US Federal Reserve is looking at a rise in the interest rates. This had impacted gold prices on Monday, with the prices falling to a five-year low of $1,080 an ounce. Gold fell 0.6 percent to $1094.43. It fell 6.1 percent as it fell every day since July 9 in New York, reports say.