Gold struggles as concerns about upcoming FOMC meeting mount
Gold struggles as concerns about upcoming FOMC meeting mount This has been an extremely difficult week for gold losing approximately $36. Gold futures basis the most active December 2021 contract opened on Monday at $1790 and is currently fixed at $1753.90. Today gold continued its decline, although only fractionally, declining $2.80 on the day. Yesterday’s meltdown of $41 in gold was a partial result of dollar strength however, that was responsible for only a small component of the decline. The…