2023-12-04 22:48:04
Gold Futures Weaken During U.S. Trading
Gold futures experienced a decline during U.S. trading on Monday, with the price for delivery in February dropping to $2,046.65 per ounce, marking a 2.06% decrease.
The Comex division of the Namex exchange reported that earlier in the day, the contracts hit a daily low of $2,038.65 per ounce. Analysts anticipate that gold futures may find support at $2033.10 and face resistance at $2151.20.
In addition to the drop in gold futures, futures contracts on the U.S. dollar index, which measures the performance of the American currency against a basket of six other leading currencies, saw a 0.41% increase to reach a price of $103.62.
Meanwhile, oil futures also experienced declines on Monday’s trading. The oil for delivery in March fell by 3.75% to $24.89 per ounce, while the oil for delivery in March traded down 2.62% at a price of $3.83 per pound.
Investors will be closely monitoring these developments and the impact they may have on the broader financial markets.
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