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Gold Finishes on Modest Losses

M. Ali 27 April, 2021 11:09 pm Commodities, Market Update

Gold prices finished lower on Tuesday, amid anticipation for the outcomes of the Federal Reserve policy meeting.

Positive performance by the U.S. Dollar (USD), supported by a surge in consumer confidence to a 14-month high, led to lower demand for safe-havens.

Gold futures for June delivery closed lower by $1.30, or 0.1%, at $1,778.80 per ounce.

Meanwhile, silver futures for May delivery rose by 20 cents, or 0.8%, to finish at $26.41 per ounce.

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