Gold futures settle at lowest in over a week
Gold futures posted losses for the session, as well as the week, on Friday (http://www.marketwatch.com/story/gold-edges-lower-as-dollar-bounces-11623412882), marking their lowest settlement in more than a week as strength in the U.S. dollar dulled investment demand for the precious metal. "Gold still has a lot going for it, but trade leading up to the FOMC decision [on Wednesday] could see prices settle between the $1,870 to $1,900 trading range," said Edward Moya, senior market analyst at Oanda. August gold fell $16.80, or 0.9%, to settle at $1,879.60 an ounce, the lowest most-active contract finish since June 3, FactSet data show. For the week, prices lost about 0.7%.
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 11, 2021 13:39 ET (17:39 GMT)
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