The stability of gold at the close of trading, ending a series of losses that lasted 4 sessions

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Tuesday, November 22, 2022 - 21:18
Point Trader Group

Gold futures closed almost unchanged on Tuesday, November 22nd, snapping a 4-session losing streak due to the strength of the US dollar.

Investors are looking forward to getting more clues about the future direction of the Fed's interest rates from the Federal Reserve's meeting minutes scheduled for release on Wednesday, November 23.

At the close of trading, gold futures for December delivery settled at $1,739.9.

And the increase in cases of Covid-19 virus resulted in major cities in China tightening their restrictions, which raises investor concerns, given that China is the largest consumer of the metal in the world.


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