Skip to main content

MoneyWorks4Me

Gold futures settle higher on weaker dollar

24 Aug 2023 Evaluate

Gold futures settled higher for a fourth straight session on Wednesday, due to weaker dollar rates and falling Treasury yields ahead of a central bankers’ meeting that would likely provide cues on interest rates outlook. The settlement was the highest since August 10.

Gold futures for December delivery up by $22.10 or 1.2% to settle at $1948.10 ounce on the Comex division of the New York Mercantile. While, spot gold added $5.51 or 0.29% at $1,920.99 per ounce.