Gold Futures Settle Lower As Dollar Climbs Up
The dollar's strength and higher bond yields after Fed minutes indicated the central bank will continue with its tight policy stance for now weighed on gold prices on Wednesday.
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The dollar's strength and higher bond yields after Fed minutes indicated the central bank will continue with its tight policy stance for now weighed on gold prices on Wednesday.
U.S. stocks turned weak after a firm start on Friday, and among the major averages, the Nasdaq managed to settle slightly higher, while the Dow and the S&P 500 ended on a negative note.
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Gold futures settled higher on Friday as the dollar stayed largely sluggish with traders looking ahead to the Federal Reserve's policy announcement, due next week.