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Dow Jones NewsSep 24, 7:54 PM UTC
DJ Stronger Dollar Pulls Down Gold Futures -- Market Talk
1554 ET - Gold futures pull back from its record-highs, with the U.S. dollar turning stronger. "Fed Chair Powell struck a cautious tone in remarks yesterday, saying the Fed would need to balance concerns over labor market weakness against worries about an increase in inflation," says ADM Investor Services in a note. While fears about stubborn inflation persist, gold is still being supported by strong demand from central banks and ETFs, ADMIS adds. Front-month gold futures close down 1.3% to $3,732.10 a troy ounce. The slide breaks a 3-day winning streak for the front-month contract. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
September 24, 2025 15:54 ET (19:54 GMT)
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