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Commodities

Gold Futures Settle Lower As Dollar Rises

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Gold futures settled lower on Friday as the dollar firmed against its major counterparts and bond yields surged amid prospects of the Federal Reserve continuing to hold interest rates at higher levels for more time.

The dollar index climbed to 103.68, gaining nearly 0.45%.

Gold futures for April ended lower by $4.00 or about 0.2% at $1,874.50 an ounce.

Silver futures for March ended down $0.068 at $22.075 an ounce, while Copper futures for March settled at $4.0165 per pound, down $0.0805 from the previous close.

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