Metals Stocks: Gold prices decline, stick to a tight trading range

Gold futures traded mostly lower on Wednesday, stuck to a tight trading range following a loss in the previous session, as investors weighed overall strength in the U.S. dollar and looked for further hints on the Federal Reserve’s plan for interest rates.

Price action

Market drivers

On Wednesday, gold investors looked to comments from Boston Fed President Susan Collins who said she believes the U.S. economy will start to soften as the year draws to a close and expects weak growth to persist in 2024.


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