BCN-14 Gold falls sharply as U.S. stocks soar

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ZCZC

BCN-14

US-HONGKONG-GOLD-PRICE

Gold falls sharply as U.S. stocks soar

CHICAGO, Dec. 7, 2019 (BSS/Xinhua) – Gold futures on the COMEX division of
the New York Mercantile Exchange fell more than 1 percent on Friday as
better-than-expected U.S. jobs data boosted stock benchmarks.

The most active gold contract for February delivery went down 18.00 U.S.
dollars, or 1.21 percent, to settle at 1,465.10 dollars per ounce.

Gold price closes lower in Hong Kong

The gold price in Hong Kong closed at 13,760 Hong Kong dollars (about
1,757.34 U.S. dollars) per tael on Friday, down 20 Hong Kong dollars from the
previous trading day, according to the Chinese Gold and Silver Exchange
Society. (1 U.S. dollar equals 7.83 HK dollars)

BSS/XINHUA/HR/1400