: Gold futures shake off early gains to finish lower

Gold futures finished lower on Wednesday, giving up early gains seen in the wake of U.S. data showing a slowdown in wholesale inflation and retail sales to finish lower. The end of Federal Reserve tightening is approaching, “but a shallow recession might not be supportive of inflows for gold as that might lead to a stronger dollar,” said Edward Moya, senior market analyst at OANDA. Gold for February delivery GCG23 fell $2.90, or nearly 0.2%, to settle at $1,907 an ounce on Comex.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post Floods devastate Philippines as president declares ‘state of calamity’
Next post : J&J’s HIV vaccine fails Phase 3 clinical trial