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Aug. 17, 2022, 2:10 p.m. EDT

Gold prices end at a 2-week low, move up in electronic trading after Fed minutes

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By Myra P. Saefong


Gold futures finished at their lowest level in two weeks on Wednesday, then moved up in electronic trading following the release of minutes from the Federal Reserve's July meeting. The minutes, released after the settlement for gold futures, showed that many Fed officials were worried about over-tightening. December gold /zigman2/quotes/210039517/delayed GCZ22 -0.02% was at $1,780.10 an ounce in electronic trading following the release of the Fed minutes. The contract had declined by $13, or 0.7%, to settle at $1,776.70 an ounce on Comex Wednesday. That was the lowest most-active contract settlement since Aug. 3, FactSet data show.

US : U.S.: Nymex
$ 1,668.30
-0.30 -0.02%
Volume: 173,144
Sept. 30, 2022 5:00p

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