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Gold settles lower, extends losses in electronic trade after FOMC minutes
Thursday, 18 October 2018 01:45 WIB | PRECIOUS METALS |GOLDEMASEmas berjangka

Gold futures settled lower on Wednesday and extended their decline into electronic trading as a benchmark U.S. dollar index climbed to fresh session highs, shortly after the release of minutes from the Federal Reserve's September monetary policy meeting.

In electronic trading Wednesday, December gold was at $1,226.10 an ounce. The contract had lost $3.60, or 0.3%, to settle at $1,227.40 an ounce. The contract finished Tuesday at $1,231, the highest since July 31 for a most-active contract, according to FactSet data.

Gold was up nearly 3% so far for October, trimming its year-to-date drop to close to just over 6%. December silver shed 3.8 cents, or 0.3%, to $14.663 an ounce.

Source: Marketwatch

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