Home / Market Update / Commodities / Gold Settles Lower as USD Recovers

Gold Settles Lower as USD Recovers

Gold prices closed Wednesday lower, amid a recovery of the US Dollar on the back of positive economic data coupled with the Euro and the British Pound simultaneous declines.

Gold futures for December delivery declined by $34.20, or 1.7%, and settled at $1,944.70 per ounce.

Meanwhile, silver futures finished lower by $1.25, or 4.4%, at $27.395 per ounce.

Check Also

Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes

The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% …