Comex gold futures contract Delivered in February Price unchanged. by closing at $1,930.20/oz
However, gold prices fell in yesterday’s trading. Due to the strong US economic data, investors are selling gold as a safe haven asset. In addition, the strength of the dollar has reduced the attractiveness of gold. By making gold contracts more expensive for holders of other currencies.
Investors are keeping an eye on the Federal Reserve’s monetary policy meeting next week. Including statements from the Fed Chairman, Jerome Powell, which could indicate the direction of the Fed.
