SPDR Gold Holdings Slump Below 1,000 Tons on U.S. Fed Outlook

SPDR Gold Holdings Slump Below 1,000 Tons on U.S. Fed Outlook

Scott Eells/Bloomberg

Today, gold futures for August delivery rose 0.5 percent to settle at $1,374 an ounce on the Comex in New York. After the close, the price touched $1,348.30 in electronic trading, the lowest for a most-active contract since May 20.