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June 29, 2022, 1:43 p.m. EDT

Gold prices tally a third straight session loss

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    Gold Aug 2022 (GCQ22)

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By Myra P. Saefong


Gold futures posted a third straight session loss on Wednesday, with prices settling at their lowest in just over two weeks. Strength in the U.S. dollar pressured prices for the precious metal after comments from Federal Reserve Chairman Jerome Powell suggested that the central bank will continue to tightening monetary policy. August gold /zigman2/quotes/221438596/delayed GCQ22 +0.56% declined $3.70, or 0.2%, to settle at $1,817.50 an ounce, the lowest most-active contract finish since June 14, FactSet data show.

US : U.S.: Nymex
$ 1,799.70
+10.00 +0.56%
Volume: 187.00
Aug. 12, 2022 3:06p

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