Gold prices were headed for a modest weekly loss on Friday, while recession worries continued to weigh on copper, poised for its biggest one-week fall in over a year. What are prices doing? August gold GC00, -0.06% GCQ22, -0.06% slipped $1.70, or 0.1%, to $1.828.10 an ounce, following Thursday’s decline of 0.5%. That took it…
Gold futures finished modestly lower on Wednesday, down a third session in a row, as Federal Reserve Chairman Jerome Powell said in testimony before the Senate Banking Committee, that ongoing interest-rate increases will be “appropriate.” Worries about an economic slowdown, meanwhile, helped prices for copper — a metal that’s often seen as an indicator of…
Gold prices rebounded on Wednesday after settling at their lowest level in more than a month as investors awaited an interest-rate decision from the Federal Reserve’s policy-setting committee. Price action The price of gold futures expiring in August GCQ22, +1.06% was up $20.8 dollars, or 1.15%, to $1,833. Silver futures expiring in July SIN22, +2.82%…