Markets > Commodities

Gold rebounds from one month low

2015-09-11 03:09

Already collect

Gold futures on the COMEX division of the New York Mercantile Exchange rebounded from one month low Thursday.

The most active gold contract for December delivery gained 7.30 U.S. dollars, or 0.66 percent, to settle at 1,109.30 dollars per ounce. Gold futures rebounded on short covering as the prices settled to their lowest Wednesday since Aug. 7, according to analysts.

The falling European equities markets also gave some additional support to gold, analysts said. On Thursday, FTSE 100 Index, British benchmark stock market gauge, dropped 1.18 percent, while French stock market benchmark index CAC 40 was also down 1.46 percent.

On the economic data, initial jobless claims went down 6,000 to an as-expected level of 275,000, according to a report released Thursday by United States Department of Labor. For the other metals, silver for December delivery added 6.90 cents, or 0.47 percent, to close at 14.645 dollars per ounce. Platinum for October delivery remained unchanged and closed at 981. 20 dollars per ounce.

Related News
Add comments

Latest comments

Latest News
News Most Viewed