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Aug. 30, 2021, 2:05 p.m. EDT

Gold futures end lower, but hold above the key $1,800 mark

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    Gold Dec 2021 (GCZ21)

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By Myra P. Saefong

GCZ21

Gold futures ended lower on Monday, easing back after posting a gain last week, but prices remained above the key $1,800 mark. At the Jackson Hole central-bankers symposium on Friday, Federal Reserve Chairman Jerome "Powell's inaction on tapering means gold has retracted all of August's previous 7% plunge," but silver prices trade lower month to date, said Adrian Ash, director of research at BullionVault. "That could be an early indication that the post-COVID reflation is running out of juice, because it means the market currently sees the industrial outlook weakening versus the need for a safe haven." December gold /zigman2/quotes/210039437/delayed GCZ21 -1.04% fell $7.30, or 0.4%, to settle at $1,812.20 an ounce.

/zigman2/quotes/210039437/delayed
US : U.S.: Nymex
$ 1,763.00
-18.60 -1.04%
Volume: 1,343
Dec. 2, 2021 12:17p
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