Investing.com – Gold prices fell for fourth time in five days before paring losses in Tuesday’s after-hours trade as the dollar gave back some strength on expectations of a dovish speech due over the next 48 hours from Federal Reserve Chairman Jay Powell.
Benchmark December gold futures on Comex settled down $16.10, or 0.8%, at $1,923.10 per ounce. The last time Comex rose for a day was last Tuesday, a week ago, when it settled at 2,013.10. It has lost exactly $90, or 4.5%, since. In Thursday’s play, the session high was $1,943.95 while the low was $1,919.85.
But in a comforting sign to gold bulls, the Comex benchmark contract pulled back about two-thirds of its losses in after-hours trade, trading at $1,933.90, or just $5.30 lower by 3:20 PM ET. Percentage-wise, the slide stood at under 0.3%. Read more…..
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