Gold futures settled lower on Wednesday, easing back after posting gains in each of the past four trading sessions. Prices for the metal showed little reaction after minutes from the Federal Reserve’s March meeting. The minutes showed that members of the Federal Open Market Committee agreed that the COVID-19 pandemic was “causing tremendous human and economic hardship” across the U.S. and the world, and noted that “indicators of economic activity and employment had turned up recently, although the sectors most adversely affected by the pandemic remained weak.” June gold
was at $1,741.90 an ounce in electronic trading. It had ended the session down $1.40, or nearly 0.1%, at $1,741.60 an ounce.
This is not a CAPTIS article. Originally, it was published here.