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16-Sep2016

Gold futures end lower on Thursday

Gold futures ended lower on Thursday, as investors focused on the next set of U.S. data to see whether it supports expectations that the Federal Reserve will raise US interest rates before the end of the year. The Fed two-day policy meeting is scheduled to be held at September 20-21. Yellow metal prices further declined as the dollar strengthened against a basket of major currencies.

Gold futures for December delivery declined $8.10 or 0.6 percent to settle at $1,318 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was down 0.6 percent to $1,314.47 an ounce.


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