ZCZC
BCN-20
US-GOLD-FUTURE
Gold futures edge higher on weaker greenback
CHICAGO, Dec. 12, 2019 (BSS/Xinhua) – Gold futures on the COMEX division
of the New York Mercantile Exchange edged higher on Wednesday, as the
precious metal was boosted by weaker greenback.
The most active gold contract for February delivery added 6.9 U.S.
dollars, or 0.47 percent, to close at 1,475 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went
down 0.03 percent to 97.38 as of 1830 GMT.
Gold usually moves in opposite directions with the U.S. dollar, which
means if the dollar goes strong, gold futures will fall as gold, priced in
U.S. dollar, becomes expensive for investors using other currencies.
As for other precious metals, March silver added 14.7 cents, or 0.88
percent, to close at 16.849 dollars per ounce. The January platinum jumped
16.9 dollars, or 1.83 percent, to settle at 939.5 dollars per ounce.
BSS/XINHUA/HR/1450