Gold Extends Losses After Former FBI Director's Prepared Testimony Remarks

Published: Jun 8, 2017 11:31

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The gold market saw additional selling pressure in late-afternoon trading Wednesday, following the release of prepared remarks from former FBI director James Comey.

Jim Wyckoff

Wednesday June 07, 2017 15:23

(Kitco News) - The gold market saw additional selling pressure in late-afternoon trading Wednesday, following the release of prepared remarks from former FBI director James Comey, for his testimony to the U.S. Congress on Thursday. Comey's prepared testimony text contained no damning comments on President Donald Trump, regarding Comey or any FBI investigation. Still, there are other big news events Thursday that are likely to move the metals markets, including the U.K. general elections and the European Central Bank's monetary policy meeting. August gold was last down $9.90 an ounce at $1,287.60.

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