Gold futures settle lower, then extend losses after the Fed decision

July 31, 2019

New York (July 31)  Gold futures finished with a loss on Wednesday, then extended their decline after the U.S. Federal Reserve cut key interest rates by a quarter point, as expected. December gold GCZ19, -1.15% was at $1,430.60 an ounce in electronic trading shortly after the Fed policy statement. The contract had settled down $4, or 0.3%, at $1,437.80 on Comex, ahead of the Fed news.


Silver Phoenix Twitter                 Silver Phoenix on Facebook