Bulletin
Investor Alert

Market Pulse Archives

Sept. 21, 2022, 2:12 p.m. EDT

Gold prices settle higher, move lower in electronic trading after Fed lifts interest rates as expected

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 2022 (GCZ22)

or Cancel Already have a watchlist? Log In

By Myra P. Saefong

GCZ22

Gold futures settled higher on Wednesday, then moved lower in electronic trading following the Federal Reserve’s decision to raise the fed funds rate by 75 basis points to the 3% to 3.25% range. The central bank also penciled in another 125 basis points in rate hikes by year-end. The U.S. dollar strengthened and Treasury yields climbed in the wake of the decision, putting pressure on gold prices. December gold /zigman2/quotes/210039517/delayed GCZ22 +0.06% was at $1,667.20 an ounce in electronic trading. The contract had climbed by $4.60, or 0.3%, to settle at $1,675.70 an ounce on Comex Wednesday, a day after losing 0.4%.

/zigman2/quotes/210039517/delayed
US : U.S.: Nymex
$ 1,755.00
+1.00 +0.06%
Volume: 132,426
Nov. 25, 2022 1:44p
loading...

Get news alerts on Gold Dec 2022 — 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.