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Summary Gold prices are falling for the sixth straight day.
Gold has fallen almost 5 percent since Dec. 20. Its down 11 percent this month.The February gold contract fell $23.20, or 1.5 percent, to $1,540.90 an ounce Thursday. Thats the lowest closing price since July.Many traders think gold has become overpriced. Gold was trading near $1,800 an ounce just a few months ago. Many investors bought gold as a way to protect against inflation. But a growing U.S. economy has lured traders to put money back into riskier investments like stocks.
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