Gold futures finish at their lowest in nearly 2 weeks

August 23, 2019

London (Aug 23)  Gold futures settled with a loss on Thursday, at their lowest in almost two weeks, as strength in U.S. Treasury bond yields dulled the metal's appeal as a safe haven. Uncertainty over the path for U.S. interest rates also pressured prices, as two top Federal Reserve officials on Thursday indicated that they would not support further interest-rate cuts. December gold GCZ19, -0.18% fell $7.20, or 0.5%, to settle at $1,508.50 on Comex. That was the lowest most-active contract settlement since Aug. 9, according to FactSet data.


Silver Phoenix Twitter                 Silver Phoenix on Facebook