Gold falls due to strong dollar

Chicago, June 11 (Xinhua) –Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as the US dollar rose.

The most active gold contract in August closed at $ 16.8, or 0.89%, at $ 1,879.6 per ounce.

Profit taking could have affected gold prices, as market analysts said several sessions were held in anticipation of rising precious metal prices and inflation data was released Thursday.

Silver for July delivery rose 11.5 cents, or 0.41%, closing at $ 28.146 per ounce. Platinum shipped in July rose $ 5.1, or 0.45%, closing at $ 1,151.1 per ounce.

Gold falls due to strong dollar

Source link Gold falls due to strong dollar

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