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Gold futures down a third straight session

Clyde Edgerton by Clyde Edgerton
May 24, 2023
in Markets
Gold futures down a third straight session
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Gold futures tallied a third consecutive session decline on Wednesday to settle at their lowest in nearly a week. Strength in the U.S. dollar pressured prices, leading gold to give up early gains that had been driven by uncertainty surrounding a U.S. debt-ceiling deal. Gold for June delivery
GCM23,
-0.34%
fell $9.90, or 0.5%, to settle at $1,964.60 an ounce on Comex, the lowest most-active contract finish since May 18, FactSet data show.



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