Skip to main content

MoneyWorks4Me

Gold futures finish higher, but marks steepest quarterly loss in 4 years

01 Apr 2021 Evaluate
Gold futures rebounded from three week low level on Wednesday though it marked a dip of 10% for the quarter, steepest quarterly dip since Q4 2016. The yellow metal got buoyed in the end of the quarter session as the pull back in dollar made it affordable for other currency holders. 

Gold futures for April rose by 1.8% at $1,715.60 an ounce on the Comex division of the New York Mercantile. Spot gold rose 1.6% to $1,711.27per ounce.