COMMODITY
Gold futures end sharply lower on economic recovery optimism
Nov-28-2020
Gold futures ended sharply lower on Friday, marking the biggest weekly slide for the commodities since late September as the peaked risk appetite in the market amid optimism on economic recovery with the news on covid vaccine and a smooth White House transition dulled the safe haven investment appeal of the bullion. The yellow metal fell about 4.7% so far this week, the biggest since the week of March 13.

Gold futures for December delivery finished $23.60, or 1.3%, lower to end at $1,781.90 an ounce on the Comex division of the New York Mercantile. Spot gold  slid 1.4% to $1,785.11 per ounce.

  RELATED NEWS >>