CHICAGO, July 2 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as COVID-19 cases continued to rise.
The most active gold contract for August delivery rose 10.1 U.S. dollars, or 0.57 percent, to close at 1,790 dollars per ounce.
More than 52,000 new COVID-19 cases were reported in the United States on Wednesday, breaking the record set in late April, and dampening the optimism created by positive economic data released on Thursday.
The nonfarm payrolls report released by the U.S. Department of Labor showed the United States added 4.8 million new jobs in June, better than expected. Meanwhile, the unemployment rate fell for the second straight month to 11.1 percent in June, also better than expected.
Another report of the U.S. Department of Labor put the initial jobless claims during the week of June 27 at 1.43 million, worse than expected and lending some support to gold.
Silver for September delivery rose 10.4 cents, or 0.57 percent, to close at 18.322 dollars per ounce. Platinum for October delivery fell 2.8 dollars, or 0.34 percent, to close at 831.6 dollars per ounce. Enditem
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