Investor Alert

Market Pulse Archives

July 5, 2022, 1:51 p.m. EDT

Gold futures fall more than 2% to settle at the lowest price of the year

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Gold Aug 2022 (GCQ22)

or Cancel Already have a watchlist? Log In

By Myra P. Saefong


Gold futures dropped by more than 2% on Tuesday to settle at their lowest price of the year so far. The yellow metal fell along with silver, copper, and other commodities amid a technical breakdown, said Chintan Karnani, director of research at Insignia Consultants. "Recession fears and faster interest rate hikes by most central banks have accelerated the sell off," he said. "There is also fear that Chinese domestic economic growth in the third quarter will be less than expected." August gold /zigman2/quotes/221438596/delayed GCQ22 -0.41% declined $37.60, or 2.1%, to settle at $1,763.90 an ounce, marking the lowest most-active contract settlement since early December, FactSet data show.

US : U.S.: Nymex
$ 1,748.10
-7.20 -0.41%
Volume: 49.00
Aug. 19, 2022 2:12p

Get news alerts on Gold Aug 2022 — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.