Comex gold futures contract Delivered in April. minus $ 2.50 to close at $ 1,942.80 / ounce
However, gold futures returned to positive territory in electronic trading. After the Fed raised interest rates
The Federal Open Market Committee (FOMC) unanimously raised the short-term interest rate by 0.25% to a range of 4.50-4.75% at its meeting on Wednesday (Feb. 1). It hit its highest level since October 2007.
Such interest rate increase as expected by the market It was the eighth straight rate hike since the Fed began its rate-raising cycle in March 2022.
