CHICAGO, Sept. 13 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday, as gains in bonds and other assets perceived as risky lured investors away from the haven metal.
The most active gold contract for December delivery was down 7.9 U.S. dollars, or 0.52 percent, to close at 1,499.5 dollars per ounce.
Gold pared some of its earlier gains then turned lower after data on Friday revealed that the University of Michigan consumer sentiment index rebounded to 92 in September from 89.8 in August.
According to Dow Jones market data, the 2-year U.S. Treasury yield was on track to climb the most in a week since June 2009, while the 10-year Treasury note was set for its sharpest weekly rise since November 2016. Rising bond yields can dull the luster of gold, which offers no yield.
As for other precious metals, silver for December delivery was down 60.8 cent, or 3.34 percent to close at 17.569 dollars per ounce. Platinum for October delivery was down 40 cents, or 0.04 percent, to settle at 952.2 dollars per ounce. Enditem
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