Gold futures hold above $1,800 an ounce
Gold futures finished lower on Monday, but held ground above the $1,800-an-ounce mark for a fourth straight session. For gold, it's been a "very slow day in the summer doldrums right now," said Jeff Wright…
From the Equity Insider archive. This article dates from Jul 13, 2021 and is preserved as first published.
Gold futures finished lower on Monday, but held ground above the $1,800-an-ounce mark for a fourth straight session. For gold, it’s been a “very slow day in the summer doldrums right now,” said Jeff Wright, chief investment officer at Wolfpack Capital.
Gold futures finished lower on Monday, but held ground above the $1,800-an-ounce mark for a fourth straight session.
The day saw no significant economic data and Federal Reserve officials have been quiet as well, he said, “so we are going to have to wait the next news item or event which could impact gold.” U.S. consumer price index data are due out Tuesday. August gold GCQ21, 0.16% fell $4.70, or 0.3%, to settle at $1,805.90 an ounce.
