Gold futures settle at lowest in more than a week
Gold futures ended sharply lower on Wednesday, with prices at their lowest in more than a week. Given how the market has have entered the blackout period for Federal Reserve speakers ahead of next week's monetary policy meeting, and the rest of the week is light on U.S. data, "the precious metal could remain trapped in a range," said Lukman Otunuga, manager, market analysis at FXTM. Gold for August delivery declined by $23.10, or 1.2%, to settle at $1,958.40 an ounce on Comex, the lowest most-active contract finish since May 30, FactSet data show.
-Myra P. Saefong
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 07, 2023 13:52 ET (17:52 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
, 
, 
Copyright ©2023. All rights reserved.