Bulletin
Investor Alert

Market Pulse Archives

Sept. 6, 2019, 1:48 p.m. EDT

Gold gives up earlier gains to post a loss for the week and session

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Gold Dec 2019 (GCZ19)

or Cancel Already have a watchlist? Log In

By Myra P. Saefong

GCZ19

Gold futures moved lower Friday, giving up earlier gains to post a loss for the week, after Federal Reserve Chairman Jerome Powell offered an upbeat view on the U.S. economy, dulling demand for the haven metal. Data Friday showed that the U.S. created less jobs than expected in August, but Powell said the outlook for the economy remains favorable and the central bank is "not forecasting or expecting a recession." December gold /zigman2/quotes/210039486/delayed GCZ19 -0.33% lost $10, or 0.7%, to settle at $1,515.50 on Comex. It lost about 0.9% for the week, according to FactSet data.

Read the full story:
Gold posts a loss for the session and week as Powell eases worries about the economy

/zigman2/quotes/210039486/delayed
US : U.S.: Nymex
$ 1,493.40
-4.90 -0.33%
Volume: 224,789
Oct. 18, 2019 4:59p
loading...

Get news alerts on Gold Dec 2019 — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.