ZCZC
BCN-24
US-CHINA-HONGKONG-GOLD-FUTURE
Gold futures rise as U.S. equities fall
CHICAGO, Sept. 27, 2019 (BSS/Xinhua) – Gold futures on the COMEX division
of the New York Mercantile Exchange settled higher on Thursday, as the
precious metal was boosted by the falling of U.S. equities.
The most active gold contract for December delivery was up 2.9 U.S.
dollars, or 0.19 percent, to close at 1,515.2 dollars per ounce.
As of 1730 GMT, the Dow Jones Industrial Average went down 51.17 points,
or 0.19 percent. The S&P 500 Index was down 3.78 points, or 0.13 percent, and
the Nasdaq Composite Index fell 37.87 points, or 0.47 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.
As for other precious metals, silver for December delivery was down 16.1
cents, or 0.89 percent to close at 17.912 dollars per ounce. Platinum for
January delivery was up 7.1 dollars, or 0.76 percent, to settle at 942.7
dollars per ounce.
Shanghai gold futures open lower
Gold futures opened lower Friday in daytime trading on the Shanghai
Futures Exchange.
The most active gold contract for December 2019 delivery dropped 2.5 yuan
(about 35 U.S. cents) to open at 348.45 yuan a gram.
China launched gold futures in January 2008.
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 35 Hong Kong dollars to open at
14,080 dollars (about 1,795.92 U.S. dollars) per tael on Friday, according to
the Chinese Gold and Silver Exchange Society. (1 U.S. dollar equals to 7.84
HK dollars)
BSS/XINHUA/HR/1240