Gold futures settled lower on Thursday, a day after posting its largest daily percentage gain since the end of July. Prices for the precious metal “remained under pressure with traders’ attention turning toward the Federal Reserve,” said Bas Kooijman, CEO and asset manager of DHF Capital. Fed Chairman Jerome Powell’s speech on Friday morning “could create significant price movements as investors look for additional clues regarding the direction of monetary policy.” December gold GCZ23, +0.18% fell $1, or nearly 0.1%, to settle at $1,947.10 an ounce on Comex.
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