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Gold falls as U.S. dollar strengthens

CHICAGO
2022-10-25 02:50

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CHICAGO, Oct. 24 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as U.S. dollar strengthened.

The most active gold contract for December delivery fell 2.2 U.S. dollars, or 0.13 percent, to close at 1,654.1 dollars per ounce.

Nevertheless, falling U.S. Treasury yields supported gold.

Gold found additional support as the S&P Global reported Monday that flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to 47.3 in October from a final reading of 49.5 in September.

Silver for December delivery rose 12.3 cents, or 0.65 percent, to close at 19.189 dollars per ounce. Platinum for January delivery fell 7.3 dollars, or 0.78 percent, to close at 926.6 dollars per ounce.
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