Gold retreats as dollar firms

0 Comment(s)Print E-mail Xinhua, September 2, 2011
Adjust font size:

Gold futures on the COMEX Division of the New York Mercantile Exchange ended a tad lower on Thursday, pressured by a rising dollar, as investors booked some profits after two days of gains. The better-than-expected U.S. manufacturing data also dimmed some of the shine of gold as a safe haven asset.

The most active gold contract for December delivery dipped 2.6 dollars, or 0.1 percent, to 1,829.1 dollars per ounce.

The Institute for Supply Management (ISM)'s manufacturing index came in at 50.6 for August, beating expectations for a reading of 48.8. The index was at 50.9 last month and readings above 50 indicate manufacturing is expanding.

A trader mentioned that the better-than-expected ISM data, has taken a toll on gold price, as many investors who bought gold on the belief that it holds its value better than other assets during economic turmoil, chose to lock in profits from recent gains.

Meanwhile, a stronger dollar also added further downward pressure on gold price, as a stronger greenback makes dollar- denominated bullion more expensive for holders of other currencies.

Silver for December delivery trimmed 23.6 cents, or 0.6 percent, to 41.532 dollars per ounce. Platinum for October delivery dropped 3.3 dollars, or 0.2 percent, to 1,852.9 dollars per ounce.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 人人妻人人添人人爽日韩欧美| 国产三级a三级三级野外| yw193龙物视频永不失联| 日本人与物videos另类| 亚洲av无码国产一区二区三区| 波霸女的湮欲生活mp4| 冠希实干阿娇13分钟视频在线看| 药店打针1_标清| 国产成a人片在线观看视频下载| 51精品视频免费国产专区| 天啪天天久久天天综合啪| 一级片一级毛片| 无码人妻丰满熟妇区五十路百度| 久久精品欧美日韩精品| 欧美XXXX做受欧美1314| 亚洲欧美天堂综合久久| 狠狠色噜噜狠狠狠狠98| 免费超爽大片黄| 精品无码一区二区三区爱欲| 国产一级黄色录像| 青青国产成人久久91| 国产在线视频网| 91影院在线观看| 国产成社区在线视频观看| 亚洲偷自精品三十六区| 国产精品美女久久久久av超清| 99久久99久久精品免费观看 | 免费床戏全程无遮挡在线观看| 精品精品国产高清a毛片| 国产va免费精品高清在线| 视频一区二区精品的福利| 国产在线观看麻豆91精品免费| 免费人成在线观看69式小视频| 国产精品久久久久9999高清 | 日本夫妇交换456高清| 久久精品一区二区免费看| 曰批免费视频播放免费| 乱人伦人妻中文字幕无码| 樱花草在线社区www| 亚洲va久久久噜噜噜久久狠狠| 欧美三级韩国三级日本三斤|