Gold futures on the COMEX division of the New York Mercantile Exchange fell Wednesday as traders booked profits after the previous session's rise to nearly one year high.
The most active gold contract for December delivery went down 5.5 dollars, or 0.41 percent, to settle at 1,339 dollars per ounce.
The precious metal had rallied to start the holiday-shortened week as nervousness over the Democratic People's Republic of Korea's weekend nuclear display combined with weakness in the dollar and broad losses in U.S. equities boosted precious metal futures to their highest close since Sept. 22.
Gold prices find another support as White House and lawmakers reached a deal to extend the deadline on the federal government's debt ceiling on Wednesday and New York stocks recouped some of their losses from the previous session.
As for other precious metals, silver for December delivery fell 3.1 cents, or 0.17 percent, to close at 17.91 dollars per ounce. Platinum for October delivery dropped 1.9 dollars, or 0.19 percent, to close at 1007.1 dollars per ounce.
The most active gold contract for December delivery went down 5.5 dollars, or 0.41 percent, to settle at 1,339 dollars per ounce.
The precious metal had rallied to start the holiday-shortened week as nervousness over the Democratic People's Republic of Korea's weekend nuclear display combined with weakness in the dollar and broad losses in U.S. equities boosted precious metal futures to their highest close since Sept. 22.
Gold prices find another support as White House and lawmakers reached a deal to extend the deadline on the federal government's debt ceiling on Wednesday and New York stocks recouped some of their losses from the previous session.
As for other precious metals, silver for December delivery fell 3.1 cents, or 0.17 percent, to close at 17.91 dollars per ounce. Platinum for October delivery dropped 1.9 dollars, or 0.19 percent, to close at 1007.1 dollars per ounce.
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