Comex gold futures contract Delivered in Feb. Price unchanged. by closing at $ 1,930.20 / ounce
However, gold prices declined in trading yesterday. Due to strong US economic data, investors are selling gold as a safe haven asset. In addition, the strength of the dollar has reduced the attractiveness of gold. By making gold contracts more expensive for holders of other currencies.
Investors are keeping an eye on the Federal Reserve’s monetary policy meeting next week. Including statements from Fed Chairman Jerome Powell, which may signal the direction of the Fed.
