Gold futures end higher on weaker U.S. dollar
0 Comment(s)
Print
E-mail Xinhua, October 4, 2019
CHICAGO, Oct. 3 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose for third straight session on Thursday, as the precious metal was boosted by weaker greenback.
The most active gold contract for December delivery was up 5.9 U.S. dollars, or 0.39 percent, to close at 1,513.8 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went down 0.22 percent to 98.8 as of 1730 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which means if the dollar goes strong, gold futures will fall as gold, priced in U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, silver for December delivery was down 0.7 cent, or 0.04 percent to close at 17.676 dollars per ounce. Platinum for January delivery stayed unchanged at 894.4 dollars per ounce. Enditem
Go to Forum >>0 Comment(s)