Gold is tanking to new lows
Advertisement
Gold is falling to new lows.
Advertisement
On Friday morning, gold futures fell by about 1.4%, or $14.80 an ounce, to as low as $1,070.80, a level it has not touched since 2010.
Gold has fallen from a peak of about $1,177 an ounce late in October, or by about 10%, since the Federal Reserve started seriously signaling its intention to raise rates in December.
Elsewhere in markets, stock futures were little changed ahead of a half-day of trading. The market closes at 1:00 p.m. ET.
Advertisement
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Kia India looks to expand sales, service network to 700 touchpoints by year-end
- Shapoorji Pallonji’s Afcons Infra files DRHP for ₹7,000 crore IPO
- Water crisis affects businesses across Bengaluru; Is there room for cautious optimism?
- BenQ Zowie EC2-CW review – Premium wireless mouse for gamers
- Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings