Gold heads toward 7th session in the red

Gold was heading toward its seventh-straight losing session on Thursday, though declines were held in check relative to the prior session’s sharp drop.

At last check, gold for December delivery GCZ4, -0.89%  was down $1.40 to $1,144.30 an ounce. December silver SIZ4, -1.48%  dropped another 15 cents, or 1%, to $15.29 an ounce, drifting farther from the February 2010 lows it ran into in the prior session.