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Gold futures notch a third straight session decline

Clyde Edgerton by Clyde Edgerton
May 18, 2023
in Markets
Gold futures notch a third straight session decline
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Gold futures settled lower Thursday for a third session in a row, at their lowest since late March. Strength in the U.S. dollar and Treasury yields have pressured prices for the precious metal as investors continue to monitor developments regarding a deal on the U.S. debt ceiling. Gold for June delivery
GCM23,
-1.33%
settled at $1,959.80 an ounce on Comex, down $25.10, or 1.3% for the session. That was the lowest most-active contract settlement since March 27, FactSet data show.



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