Gold faces sharpest daily drop in over a week as dollar rises

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Metals Stocks

Published: Sept. 16, 2021 astatine 8:18 a.m. ET

Christof Stache/AFP/Getty Images

Gold futures headed for back-to-back losses connected Thursday and perchance the sharpest diminution successful bullion successful implicit a week arsenic the U.S. dollar popped higher.

Investors besides enactment that prices for precious metals are expected to beryllium choppy arsenic investors await clarity from the U.S. Federal Reserve adjacent week connected its plans for tapering enslaved purchases that provided liquidity to markets during the worst of the pandemic backmost successful the outpouring of 2020.

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