Home / Market Update / Commodities / Gold Settles Lower but Maintains $1,800-Level

Gold Settles Lower but Maintains $1,800-Level

Gold prices settled lower on Thursday, as the US Dollar strengthened and was supported by strong economic data.

Gold futures for August delivery decreased by about 1% or $16.80 and closed at $1,803.80 per ounce, maintaining the $1,800-level.

On Wednesday, the precious metal futures closed at their highest level since mid-September 2011.

Check Also

Officials Warn: Fed’s Dual Mandate Now a Dual Trap

The Federal Reserve finds itself in a precarious position, navigating an economy where the risks …