Connect with us

Corporate Finance

Gold ends at highest price in a week

Published

on


Gold futures gained on Wednesday, with prices reversing their loss from a day earlier to settle at their highest in a week. Demand for gold is “slowly coming back as Wall Street grows more confident” that despite the Federal Reserve’s “pivot over talking about removing stimulus, they are still probably years away from doing tightening,” said Edward Moya, senior market analyst at Oanda. August gold
GCQ21,
+0.23%

rose $6, or 0.3%, to settle at $1,783.40 an ounce, the highest most-active contract finish since June 16, FactSet data show.

Continue Reading
Advertisement