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Gold price down 1% on strong US economic data
Gold prices declined by 1% on Wednesday as solid US economic data reinforced expectations of the Federal Reserve holding interest rates steady for now, dimming the appeal of the safe-haven metal. By midday ET, spot gold traded at $3,292.75 per ounce, falling below the $3,300-an-ounce level for the first time in a month.
Front-month gold futures resumed their recent slump as the Federal Reserve held interest rates steady as expected and gave ...
Gold prices settled Wednesday with a loss as “trade and economic optimism” weighed on haven demand and boosted the dollar, Peter Grant, vice president and senior metals str ...
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