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When the US dollar goes up, gold goes down

Chicago, June 23 (Xinhua)-Gold futures in the COMEX division of the New York Mercantile Exchange fell on Thursday as the US dollar rose.

The most active gold contract for August deliveries fell US $ 8.6 (0.47%), closing at $ 1,829.8 per ounce.

Market expectations for more hawkish monetary policy from the Federal Reserve will help push the dollar up.

The U.S. Department of Labor reported on Thursday that US first unemployed claims weakened gold by dropping from the previous week’s modified level of 231,000 to seasonally adjusted 229,000 during the week from June 18.

The S & P Flash US Manufacturing Purchase Manager Index (PMI) fell to a nearly two-year low of 52.4 in June, while the S & P US Services PMI fell to a five-month low of 51.6. And some support for money.

Silver delivered in July fell 37.9 cents (1.77%) and closed at $ 21.042 an ounce. Platinum delivered in July fell $ 22.5 (2.43%) and closed at $ 904.4 per ounce.

When the US dollar goes up, gold goes down

Source link When the US dollar goes up, gold goes down

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