Gold prices did not show a huge reaction to the FOMC meeting announcement today in which the Fed appeared to sound more dovish-and perhaps a bit confusing as well. The metal is now hovering around the $1200 area, and it is likely that no significant...
The U.S. Comex gold futures dropped about 2.3% in the past two days to end at $1,194.30 on Tuesday, falling 0.67% for the year.
Gold prices were hit with moderate losses to begin the trading week on Monday as stocks tried to rebound after seeing serious losses last week.
After rising 3.5% in the first two days of the week, the U.S. Comex gold futures retreated 0.52% in the following two days to end at $1,225.60 on Thursday. The futures rose 2.96% for the week after climbing 1.29% last week.
After surging 3.71% last week, the Comex gold futures surged again this week by 3.49% in the past two days to reach $1,232 on Tuesday,