Markets > Commodities

Gold down ahead of FOMC meeting minutes

Xinhua News,CHICAGO
2020-06-11 03:37

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CHICAGO, June 10 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as investors waited for the release of the Federal Open Market Committee (FOMC) meeting minutes.

The most active gold contract for August delivery fell 1.2 U.S. dollars, or 0.07 percent, to close at 1,720.7 dollars per ounce.

Investors were waiting for the release of the FOMC minutes and the interest rates were expected to remain at historically low levels amid the COVID-19 outbreak.

Other indexes on Wednesday supported gold. The U.S. Dollar Index fell. Most major equities indexes in the United States and Europe fell.

A report released by the U.S. Department of Labor showed the consumer price index in May fell by 0.1 percent.

Silver for July delivery rose 0.2 cent, or 0.01 percent, to close at 17.796 dollars per ounce. Platinum for July delivery fell 14.6 dollars, or 1.7 percent, to close at 846 dollars per ounce.
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