: Gold futures settle under $2,000 an ounce, at lowest in 3 weeks


Gold futures declined on Friday, settling under $2,000 an ounce for the first time in three weeks. Hawkish commentary from Federal Reserve officials “supported expectations around U.S. rates remaining higher for longer,” said Lukman Otunuga, manager, market analysis at FXTM. Gold for June delivery GCM23 fell $28.60, or 1.4%, to settle at $1,990.50 an ounce on Comex. That was the first finish under $2,000, and also the lowest settlement, since March 31 for a most-active contract, FactSet data show.

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

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