Gold edges up as U.S. equities retreat
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E-mail Xinhua, November 20, 2019
CHICAGO, Nov. 19 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose moderately on Tuesday as the Dow Jones Industrial Average decreased.
The most active gold contract for December delivery was up 2.40 U.S. dollars, or 0.16 percent, to close at 1,474.30 dollars per ounce.
Dow fell 94.80 points, or 0.34 percent, to 27,941.42 shortly before the gold's settlement.
When equities post losses, the precious metal usually goes up, as investors are looking for a safe haven.
A firm U.S. dollar kept the rising previous metal in check. The U.S. dollar index, a measure of the greenback against a basket of other major currencies, was up 0.02 percent to 97.82.
As for other precious metals, silver for December delivery was up 11.8 cents, or 0.69 percent, to close at 17.118 dollars per ounce. Platinum for January delivery jumped 17.30 dollars, or 1.93 percent, to settle at 912.30 dollars per ounce. Enditem
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