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Gold falls as US stock index rises

Chicago, July 23 (Xinhua)-Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as the US stock index rose.

The most active gold contract for August deliveries fell by US $ 3.6 (0.2%), closing at $ 1,801.8 per ounce.

Investors are more motivated to risk as all three major US stock indexes have risen, the US dollar has risen, and US Treasury yields have risen.

Gold shows that research firm IHS Markit fell on Friday from a four-month low in the U.S. flash or preliminary combined output index from 63.7 in June to 59.7 in July, chilling the U.S. economy. It has gained some support because it shows that it is.

Gold fell about 0.7% that week.

Silver delivered in September fell 14.8 cents (0.58%) and closed at $ 25.233 per ounce. Platinum delivered in October fell $ 29.2 (2.68%) and closed at $ 1,061.4 per ounce.

Gold falls as US stock index rises

Source link Gold falls as US stock index rises

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