Gold futures post back-to-back session declines
Gold futures declined for a second session in a row on Monday. With U.S. benchmark stock indexes up along with the dollar and Treasury yields, it would be a surprise if gold didn't fall on Monday, said Adrian Ash, director of research at BullionVault. Expectations that the Federal Reserve will pause interest-rate hikes at its meeting this week is "pretty much 100% priced in, so all eyes are on Wednesday's language and dot plots," he said. Gold for August delivery fell $7.50, or 0.4%, to settle at $1,969.70 an ounce on Comex.
-Myra P. Saefong
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06-12-23 1408ET
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