Gold futures finish higher, extending gains from last week

Gold futures finish higher, extending gains from last week


Gold futures finished higher on Monday, extending their gains from last week. Gold prices were “treading water” and likely to continue to do so ahead of this week’s U.S. jobs numbers, said Michael Hewson, chief market analyst at CMC Markets UK. “It seems fairly clear that [interest] rates aren’t likely to go higher in response to higher prices, with a renewed focus now on the jobs market, which appears to be lagging behind in terms of getting back to pre-pandemic levels,” he said. August gold
GCQ21,
-0.11%

rose $2.90, or 0.2%, to settle at $1,780.70 an ounce. Prices ended last week higher for the first time in four weeks.



Source link

Leave a Reply

Your email address will not be published.