Skip to main content

MoneyWorks4Me

Gold futures settle modestly lower on firmer dollar

29 Oct 2020 Evaluate
Gold futures settled modestly lower on Wednesday, as investors sought refuge in dollar as the perceived safe haven in midst of spike in coronavirus infections worldwide and the waning global economy. The yellow metal for the most active contract has marked lowest level in a month in the session.

Gold futures for December delivery fell $32.7, or 1.71%, to settle at 1,879.20 an ounce on the Comex division of the New York Mercantile. Spot gold slipped 1.3% to $1,882.41 per  ounce.