Markets

Market Chatter: Gold Futures Sink Below $1,650

"Gold futures fell Monday, with analysts attributing the sharp decline, in part, to reports of a potential statement from the G-7 nations aimed at averting a so-called currency war. Technical selling and light trading volumes in Asia due to the Lunar New Year holiday also pressured prices," MarketWatch reported.

It said: "April gold fell $17.80, or 1.1%, to settle at $1,649.10 an ounce on the Comex division of the New York Mercantile Exchange. Tracking the most-active futures contracts, that was the lowest settlement price since Jan. 7. March silver settled down 53 cents, or 1.7%, at $30.91 an ounce."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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