ZCZC
BCN-15
US-GOLD-FUTURE-COMEX
Gold futures edge higher on safe haven buying, falling U.S. equities
CHICAGO, Sept. 21, 2019 (BSS/Xinhua) – Gold futures on the COMEX division
of the New York Mercantile Exchange closed higher on Friday, as the precious
metal was boosted by safe haven buying and falling U.S. equities.
The most active gold contract for December delivery was up 8.9 U.S.
dollars, or 0.59 percent, to close at 1,515.1 dollars per ounce.
As of 1730 GMT, the Dow Jones Industrial Average fell 159.72 points, or
0.59 percent. The S&P 500 Index went down 14.72 points, or 0.49 percent, and
the Nasdaq Composite Index declined 65.2 points, or 0.8 percent.
Gold usually moves in opposite directions with the U.S. equities. When the
stock markets were on the rise, investors may stop buying safe-haven assets,
such as gold.
As for other precious metals, silver for December delivery was down 3.5
cents, or 0.2 percent to close at 17.849 dollars per ounce. Platinum for
October delivery was up 0.2 dollar, or 0.02 percent, to settle at 942.6
dollars per ounce.
BSS/XINHUA/HR/1240