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Gold futures end lower, but mark the first monthly gain since March

Gold futures end lower, but mark the first monthly gain since March

Gold futures finished Wednesday with a loss, with prices settling just as Federal Reserve Chairman Jerome Powell presented his speech to the Brookings Institution. Prices for the precious metal, however, marked their first monthly gain since March on the back of overall weakness for month in the U.S. dollar and Treasury yields. Gold prices for February delivery (GC00) (GCG23) fell $3.80, or 0.2%, to settle at $1,759.90 per ounce on Comex.