Gold futures finished lower on Monday, following a four-session streak of gains, pressured by uncertainty ahead of a meeting of the U.S. Federal Reserve that’s expected to offer hints on the central bank’s plan on interest rates, MarketWatch reported.
International trade clashes and a concern over a weakening global economy, however, limited losses for the haven metal.
Gold for August delivery fell $1.60, or 0.1%, to settle at $1,342.90, after closing Friday action with a weekly loss of 0.1% based on the most-active contract prices, FactSet data show. Prices on Friday had climbed to as high as $1,362.20, the highest since April 2018.
In other metals trading, July silver added 0.2%, at $14.83 an ounce, after ending Friday’s trade with a 1.5% weekly loss. July copper settled at $2.65 a pound today, up 0.7%.
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