Investor Alert

Market Pulse Archives

Sept. 25, 2020, 1:54 p.m. EDT

Gold futures lose nearly 5% for the week

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Gold Dec 2020 (GCZ20)

or Cancel Already have a watchlist? Log In

By Myra P. Saefong


Gold futures declined Friday to post a loss of nearly 5% for the week-the largest weekly percentage loss since mid-March. Analysts attributed losses for the precious metal to strength in the U.S. dollar this week. The longer-term outlook remains positive for gold, however, "as the global economic recovery will warrant more stimulus as the Northern Hemisphere battles the winter wave of the virus," said Edward Moya, senior market analyst at Oanda. "Gold will likely attract buyers from here on out as investors start scaling back their bullish bets." December gold /zigman2/quotes/210039572/delayed GCZ20 +0.58% fell $10.60, or 0.6%, to settle at $1,866.30 an ounce. For the week, prices based on the most-active contract lost 4.9%, according to FactSet data.

Read the full story:
Gold ends lower to suffer worst weekly slump since March

US : U.S.: Nymex
$ 1,878.80
+10.80 +0.58%
Volume: 207,865
Oct. 30, 2020 4:59p

Get news alerts on Gold Dec 2020 — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.