URL has been copied successfully!
Archive: Szaaman, public domain.
Gold futures fell sharply Friday morning, with the December contract dropping $120.40, or 3%, to $3,911 an ounce, according to CME Group’s delayed quotes.
The contract traded as low as $3,909.30 after opening at $4,033.60, the data showed. It had settled at $4,031.40 on Thursday and held near the $4,000 level through the week.
The selloff in gold came even as crude oil moved the other way: U.S. crude rose about 2% to near $104 a barrel Friday morning after Saudi air defenses intercepted two more Houthi projectiles, according to CME Group’s oil quotes.
JBizNews Desk | New York
© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.
Share this story:
