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June 11, 2021, 1:39 p.m. EDT

Gold futures settle at lowest in over a week

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    Gold Aug 2021 (GCQ21)

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By Myra P. Saefong

GCQ21

Gold futures posted losses for the session, as well as the week, on Friday, marking their lowest settlement in more than a week as strength in the U.S. dollar dulled investment demand for the precious metal. "Gold still has a lot going for it, but trade leading up to the FOMC decision [on Wednesday] could see prices settle between the $1,870 to $1,900 trading range," said Edward Moya, senior market analyst at Oanda. August gold /zigman2/quotes/214466530/delayed GCQ21 +0.02% fell $16.80, or 0.9%, to settle at $1,879.60 an ounce, the lowest most-active contract finish since June 3, FactSet data show. For the week, prices lost about 0.7%.

/zigman2/quotes/214466530/delayed
US : U.S.: Nymex
$ 1,802.10
+0.30 +0.02%
Volume: 233,503
July 23, 2021 5:00p
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