gold futures posted a loss for a second straight session on tuesday holding ground at their lowest finish since late september of last year the precious metal has been smothered by an appreciating dollar and expectations over the federal reserve maintaining an aggressive stance towards higher interest rates said lukman otunuga manager market analysis at fxtm the precious metal looks depressed and could be in store for more pain if the pending us cpi report meets or exceeds market expectations when its released wednesday he said august gold fell 690 or 04 to settle at 172480 an ounce prices