Gold Futures Settle Lower as Dollar Firms and Yields Rise
Gold futures settled lower as the U.S. dollar firmed and yields rose; oil prices pared early losses.
Gold futures settled lower as the U.S. dollar strengthened and yields rose, while oil prices pared their early losses. Naeem Aslam of Zaye Capital Markets said in a note that energy prices, inflation expectations and Federal Reserve policy remain central to gold’s near-term direction.