Gold futures traded modestly lower on Thursday after four straight days of gains as traders awaited a speech from Federal Reserve Chairman Jerome Powell due Friday. A day earlier, a sharp drop in bond yields in Europe and the U.S. in the wake of weak economic data sparked the sharpest rise in prices of the most-active gold contract since the start of August.
Price action
Gold futures for December delivery
GC00,
-0.34%
GCZ23,
-0.34%
fell by $2.50, or 0.1%, to $1,945 per ounce on Comex.
Silver futures for September delivery
SI00,
-0.77%
SIU23,
-0.77%
declined by 15 cents, or 0.6%, to $24.25 per ounce.
October platinum
PL00,
-0.33%
PLV23,
-0.33%
fell by $6, or 0.6%, to $932 per ounce, while September palladium
PA00,
-3.00%
PAU23,
-3.00%
was off by $3.90, or 0.3%, to $1,277.50 per ounce.
Copper prices for December delivery
HGU23,
-1.02%
fell by 3 cents, or 0.8%, to $3.80 per pound.
Market drivers Gold prices benefited from a drop in European and U.S. bond yields on Wednesday to their lowest levels in a week, but prices of the yellow metal were seeing a …
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Price action
Gold futures for December delivery
GC00,
-0.34%
GCZ23,
-0.34%
fell by $2.50, or 0.1%, to $1,945 per ounce on Comex.
Silver futures for September delivery
SI00,
-0.77%
SIU23,
-0.77%
declined by 15 cents, or 0.6%, to $24.25 per ounce.
October platinum
PL00,
-0.33%
PLV23,
-0.33%
fell by $6, or 0.6%, to $932 per ounce, while September palladium
PA00,
-3.00%
PAU23,
-3.00%
was off by $3.90, or 0.3%, to $1,277.50 per ounce.
Copper prices for December delivery
HGU23,
-1.02%
fell by 3 cents, or 0.8%, to $3.80 per pound.
Market drivers Gold prices benefited from a drop in European and U.S. bond yields on Wednesday to their lowest levels in a week, but prices of the yellow metal were seeing a …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]