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Spot Gold Falls 0.76% to $4,508/oz on Friday as Fed Official Waller Boosts Dollar

GateNews
Metals
XAUUSD-0.74%
On Friday, May 22, spot gold declined 0.76% to $4,508.32 per ounce in New York late trading, with prices hitting a daily low of $4,492.13 earlier in the session. COMEX gold futures dropped 0.76% to $4,507.90 per ounce. The move came as Federal Reserve Board Member Christopher Waller's remarks bolstered the U.S. dollar, and ahead of Kevin Walsh's swearing-in as Federal Reserve Chair. Gold held around $4,520 near the midnight ceremony. For the week, spot gold fell 0.70% and COMEX futures declined 1.16%.
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