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June 23, 2022, 1:45 p.m. EDT

Gold futures down a 4th straight session

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    Gold Aug 2022 (GCQ22)

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By Myra P. Saefong

GCQ22

Gold futures ended lower on Thursday, with prices for the precious metal down a fourth straight session. Losses for gold are "mainly due to the strength in the dollar, as expectations are that [the Federal Reserve] may adopt even more hawkish monetary policy," Naeem Aslam, chief market analyst at AvaTrade, told MarketWatch. In testimony before the House Financial Services Committee Thursday, Fed Chairman Jerome Powell said he has an "unconditional" commitment" to fight inflation. August gold /zigman2/quotes/221438596/delayed GCQ22 -0.02% fell by $8.60, or 0.5%, to settle at $1,829.80 an ounce.

/zigman2/quotes/221438596/delayed
US : U.S.: Nymex
$ 1,772.60
-0.30 -0.02%
Volume: 645.00
Aug. 5, 2022 3:40p
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