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Gold falls on stronger bond yields

CHICAGO
2022-08-30 02:36

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CHICAGO, Aug. 29 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as investors reacted to stronger U.S. bond yields.

The most active gold contract for December delivery fell 0.1 U.S. dollars, or 0.01 percent, to close at 1,749.7 dollars per ounce.

Nevertheless, a weaker U.S. dollar limited the fall of gold.

Investors are waiting for the monthly U.S. jobs data due out Friday for clues on gold's next direction.

Silver for December delivery fell 15.5 cents, or 0.82 percent, to close at 18.67 dollars per ounce. Platinum for October delivery fell one dollar, or 0.12 percent, to close at 854.3 dollars per ounce.
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