Bulletin
Investor Alert

New York Markets After Hours

Market Pulse Archives

Aug. 11, 2022, 1:51 p.m. EDT

Gold prices end lower Thursday for first time in almost a week

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)
  • X
    S&P 500 Index (SPX)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Joy Wiltermuth

Gold futures closed lower Thursday for the first time in about a week as stocks rallied in the wake of cooler U.S. inflation data. December gold /zigman2/quotes/210039517/delayed GCZ22 +0.01% fell $6.50, or 0.4%, on Thursday to settle at $1,807.20 an ounce on Comex, according to FactSet. The yellow metal edged higher on Wednesday after the release of July's consumer-price index showed signs of a slowdown in surging price gains, pegged at 8.5% annually from a 41-year high of 9.1% in June. Despite inflation still running hot, many investors have shifted their focus to buying riskier assets, including U.S. stocks. With the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.02% rallying above the 4,200 mark and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.15% back above 33,000 Thursday, bullish sentiment can dull the appeal of gold as a haven asset.

/zigman2/quotes/210039517/delayed
US : U.S.: Nymex
$ 1,721.00
+0.20 +0.01%
Volume: 134,253
Oct. 6, 2022 4:59p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,744.52
-38.76 -1.02%
Volume: 2.22B
Oct. 6, 2022 4:20p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,926.94
-346.93 -1.15%
Volume: 320.97M
Oct. 6, 2022 4:20p
loading...

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

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.