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Sept. 13, 2021, 1:34 p.m. EDT

Gold futures end higher, but fail to reclaim the $1,800 mark

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    Gold Dec 2021 (GCZ21)

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By Myra P. Saefong


Gold futures ended higher on Monday, but only managed to briefly trade above the key $1,800 mark. "Policymakers have seemingly been keen to ensure the [economic] data doesn't distract from the central bank's intentions to taper this year, understanding the importance of effective communication when approaching major policy shifts," said Craig Erlam, senior market analyst at Oanda."That's held gold back even as the data has softened," he said. "There's plenty more to come this week, but [gold] may trade cautiously still," ahead of next week's Federal Reserve policy meeting. December gold /zigman2/quotes/210039437/delayed GCZ21 -0.91% rose $2.30, or 0.1%, to settle at $1,794.40 an ounce after losing more than 2% last week.

US : U.S.: Nymex
$ 1,765.30
-16.30 -0.91%
Volume: 1,328
Dec. 2, 2021 11:19a

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