Gold prices down a fourth straight session, tally a loss for the month

0
18

Gold futures marked a fourth straight session decline on Thursday, ending more than 2% lower for the month, according to FactSet data. A “strong U.S. dollar and rising interest-rate expectations continue to weigh on the precious metal, with the metal once again unable to benefit from the ongoing risk aversion in the markets,” said Fawad Razaqzada, market analyst at City Index and FOREX.com, in a Thursday note. August gold GCQ22, -0.53% declined $10.20, or 0.6%, to settle at $1,807.30 an ounce, the lowest most-active contract finish since February.

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

Previous articleCommodities Corner: Gasoline prices have fallen, but probably haven’t peaked yet
Next articleNouriel Roubini warns of a potential 50% drop for stocks

LEAVE A REPLY

Please enter your comment!
Please enter your name here