2025-12-11 03:11:00 pm | Source: Accord Fintech
Gold futures end lower on Wednesday
Gold futures ended lower on Wednesday as traders resorted to light profit-taking ahead of much-anticipated U.S. Federal Reserve interest rate announcement followed by Fed Chair Jerome Powell's remarks. There were expectations that the Fed would cut its benchmark rate by 25 basis points to a 3.5% to 3.75% range amid signs that the job market is softening.
Gold futures for February delivery down by $11.50 or 0.27% to settle at $4,224.70 an ounce on the Comex division of the New York Mercantile. Spot gold down by $11.63 or 0.28% to $4,217.21 an ounce.
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