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Sept. 26, 2022, 1:50 p.m. EDT

Gold futures log back-to-back declines, notch lowest close since April 2020

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    Gold Dec 2022 (GCZ22)

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By Myra P. Saefong


Gold futures declined Monday, with prices for the most-active contract ending at their lowest since early April 2020. "Last week's series of interest rate hikes by central banks had put gold under heavy near-term pressure and with no prospect of the banks changing course in the coming months, the medium-term outlook also looks gloomy for the precious metal," said Rupert Rowling, market analyst at Kinesis Money. December gold /zigman2/quotes/210039517/delayed GCZ22 -1.59% fell $22.20, or 1.3%, to settle at $1,633.40 an ounce on Comex, the lowest most-active contract finish since April 1, FactSet data show.

US : U.S.: Nymex
$ 1,767.30
-28.60 -1.59%
Volume: 1,713
Dec. 5, 2022 4:56p

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