Markets > Futures

Gold futures end slightly lower on technical selling

CHICAGO
2019-04-04 05:26

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CHICAGO, April 3 (Xinhua) --- Gold futures on the COMEX division of the New York Mercantile Exchange finished near unchanged levels on Wednesday, after weakened greenback's boost was offset by technical selling.

The most active gold contract for June delivery went down 0.10 dollar, or 0.01 percent, to settle at 1,295.30 U.S. dollars per ounce.

In early trading on Wednesday, the precious metal was boosted by weaker U.S. dollar. The U.S. dollar index, which measures the buck against six rivals, went down 0.25 percent to 97.06 as of 1530 GMT.

However, investors mostly turned to riskier assets, because of anticipated progress in negotiations between the U.S. and China bolstered appetite for stocks and away from bullion.

As for other precious metals, silver for May delivery was up 4.10 cents, or 0.27 percent, to settle at 15.102 dollars per ounce. Platinum for April delivery added 21.70 dollars, or 2.55 percent, to close at 874.20 dollars per ounce.
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