Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

May 16, 2022, 1:44 p.m. EDT

Gold finishes up 0.3% Monday, snaps 2-session skid

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 Continuous Contract (GC00)
  • X
    U.S. Dollar Index (DXY) (DXY)

or Cancel Already have a watchlist? Log In

By Joy Wiltermuth

Gold futures rose on Monday, ending a 2-session slid, as the dollar's surge took a breather and Treasury yields pulled back from a recent peak. Gold for June deliver /zigman2/quotes/210034565/delayed GC00 +0.44% advanced $5.80, or 0.3%, to settle at $1,814.00 an once on Comex, bouncing after the yellow metal briefly traded below the $1,800 threshold. On Friday, it recorded its biggest weekly decline in 11 months. The ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY +0.02% was 0.2% lower Monday after trading near a 20-year high on Friday. A stronger dollar can be a negative for commodities priced in the unit, making them more expensive to users of other currencies. The 10-year Treasury rate was down 5 basis points to 2.88% to start the week. Higher Treasury yields also can be negative for gold and other nonyielding assets.

/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,809.50
+8.00 +0.44%
Volume: 69,905
July 5, 2022 3:05a
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
105.15
+0.02 +0.02%
Volume: 0.00
July 5, 2022 3:05a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.