Gold prices suffer first monthly loss since October

Gold prices make a last minute turn lower Wednesday to post a modest loss, contributing to the metal’s first monthly decline since October. Strength in the dollar following Federal Reserve Chairman Jerome Powell’s House testimony Tuesday continued to pressure prices. April gold edged down by 70 cents, or less than 0.1%, to settle at $1,317.90 an ounce. Prices, which traded slightly higher for much of the session, ended the month with a loss of roughly 1.8%.

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From:: Stock Market News

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