Skip to main content

MoneyWorks4Me

Gold futures finish lower on Monday

29 Nov 2022 Evaluate
Gold futures finished lower on Monday, pressured by the hawkish Federal Reserve stance to tackle the economic inflation. However, accelerating unrest in China against the unprecedented covid lockdowns capped some losses in the session.

Gold futures for December dipped by $13.7 or 0.8% to settle at $1740.30 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $8.27 or 0.47% or $1,749.63 per ounce.