World

Gold rises as U.S. dollar weakens

CHICAGO
2022-10-18 02:54

Already collect



CHICAGO, Oct. 17 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as the U.S. dollar weakened.

The most active gold contract for December delivery rose 15.1 U.S. dollars, or 0.92 percent, to close at 1,664 dollars per ounce.

Fall in U.S. Treasury yields also supported gold.

Gold found additional support as the New York Fed reported Monday that its Empire State business conditions index, a gauge of manufacturing activity in the state of New York, fell 7.6 points to negative 9.1 in October. This is the third straight negative reading.

Silver for December delivery rose 64.8 cents, or 3.59 percent, to close at 18.719 dollars per ounce. Platinum for January delivery rose 18.7 dollars, or 2.09 percent, to close at 913.6 dollars per ounce.
Add comments

Latest comments

Latest News
News Most Viewed