Gold futures mark worst weekly performance since November

0
122

Gold prices fell on Friday, pressured by overall strength in the U.S. dollar after the Federal Reserve this week indicated that it may hike interest rates as soon as March. The loss contributed to 2.5% decline for the week, based on the most-active contracts. That was the worst weekly percentage decline since the period ending Nov. 26, according to FactSet data. The April gold contract GCJ22, -0.52% lost $8.40, or 0.5%, to settle at $1,786.60 an ounce, the lowest finish since mid-December.

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

Previous article: The ‘Great Resignation’ hits U.S. state and local governments
Next articleNasdaq clears way as U.S. stock benchmarks dig out from under early declines

LEAVE A REPLY

Please enter your comment!
Please enter your name here