Gold trades lower on profit-taking

0 Comment(s)Print E-mail Xinhua, April 8, 2021
Adjust font size:

CHICAGO, April 7 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as investors took profits after gold's four-session rise.

The most active gold contract for June delivery fell 1.4 U.S. dollars, or 0.08 percent, to close at 1,741.6 dollars per ounce.

Gold was under additional pressure as U.S. Department of Commerce reported on Wednesday that U.S. trade deficit increased by 4.8 percent to 71.1 billion U.S. dollars in February.

The minutes from March Federal Open Market Committee (FOMC) meeting were released shortly after the market's close, showing the FOMC is worried about pandemic instability but believes that although inflation risks have risen, the situation remains balanced overall.

Gold remained basically unchanged in e-trading after the release of FOMC minutes.

Silver for May delivery rose 2 cents, or 0.08 percent, to close at 25.247 dollars per ounce. Platinum for July delivery fell 8.6 dollars, or 0.69 percent, to close at 1,231.9 dollars per ounce. Enditem

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from