CHICAGO, May 9 (Xinhua) -- Gold futures on the COMEX
division of the New York Mercantile Exchange fell slightly Thursday on
lower unemployment figures. The most active gold contract for June delivery fell 5.1 dollars, or 0.35 percent, to settle at 1,468.6 dollars per ounce.
Source from (Xinhuanet): http://news.xinhuanet.com/english/business/2013-05/10/c_124689526.htm
Published: May 12, 2013
The U.S. Labor Department reported Thursday that the
number of people applying for regular state unemployment-insurance
benefits ticked down 4,000 to 323,000 in the week ending May 4, the
lowest level since January 2008. The positive view on the employment
situation in the U.S. dampened gold market. Dollar's going strong also
exerted pressure on dollar-denominated gold.
Nevertheless, the fall in gold Thursday was limited thanks to a
strong physical demand for gold. Besides China, Indian consumers have
joined the line to buy as much gold as possible ahead of introduction of
restrictive import rules, and India is expected to import another 100
tonnes of gold in near future.
Silver for July delivery lost 1.6 cents, or 0.07 percent, to close at
23.911 dollars per ounce. Platinum for July delivery rose 11.6 dollars,
or 0.77 percent, to close at 1,516.5 dollars per ounce.
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