CHICAGO, May 10 (Xinhua): Gold futures on the COMEX division of the New York Mercantile Exchange kept falling yesterday on positive comments on US economy from Federal Reserve Chair Janet Yellen.
The most active gold contract for June fell 0.1 US dollar, or 0.01 per cent, to settle at 1287.6 dollars per ounce.
Gold lost roughly 1.2 per cent in the week, the first weekly loss in the past three weeks.
Investors are balancing between the pressure on gold of Federal Reserve Chair Yellen's upbeat comments on US economy and the support for gold from the Ukraine conflict. It seems the pressure has dominated the market at present. Richard Fisher, president of the Dallas Federal Reserve Bank, said Friday he supports the central bank ending its bond-buying program in October.
Gold drops for fourth session in a row
FE Team | Published: May 11, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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