: Gold futures mark a third loss in 4 sessions


Gold futures ended Wednesday with a loss, their third in four sessions. Traders looked to book profits as gold futures failed to trade over the $1,990 resistance level, said Chintan Karnani, director of research at Insignia Consultants. However, sentiment is “very bullish” for gold, he said. Traders are “worried over the prospects of more banks getting a rescue,” and focused on the chances for a recession and a pause period in Federal Reserve interest-rate hikes. Gold for June delivery GCM23, -0.23% fell $5.90, or 0.3%, to settle at $1,984.50 an ounce on Comex.

This article was originally published by Marketwatch.com. Read the original article here.

Previous article: Silicon Valley lost its bank. Expect ‘zombie VCs’ and dark times for startups.
Next articleTrump grand jury to go on hiatus for most of April: reports


Please enter your comment!
Please enter your name here