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Gold futures mark their lowest settlement since April 2020

·1 min de lecture
Gold futures mark their lowest settlement since April 2020

Gold futures fell Friday, with prices for the most-active contract losing 1.7% for the week and settling at their lowest since early April 2020. The surge in Treasury yields, along with a stronger U.S. dollar has "unsurprisingly clobbered the gold price, clubbing it back down to its lowest levels in over 2 years, against a backdrop of fears of further aggressive rate moves from the Federal Reserve," said Michael Hewson, chief market analyst at CMC Markets UK. December gold fell $25.50, or 1.5%,