Xinhua, Chicago :
Gold futures on the COMEX division of the New York Mercantile Exchange fell Thursday as Greece made a scheduled payment to the International Monetary Fund.
The most active gold contract for June delivery fell 9.5 U.S. dollars, or 0.79 percent, to settle at 1,193.60 dollars per ounce.
After much speculation, gold was put under pressure as Greece has made an important payment of 460 million euros on its debt to the IMF, according to the Greek finance ministry. Analysts say investors had previously worried that Greece may not have had enough cash on hand to make the payment.
Gold was put under additional pressure as the U.S. central bank, the Federal Reserve, continued to hint at a possible rate increase, despite lackluster data. The minutes from the previous Fed meeting were released after the market closed Wednesday, and New York Fed President William Dudley and Fed Governor Jerome Powell released a statement indicating that there could be a possible rate increase sooner than investors expect.
Gold futures on the COMEX division of the New York Mercantile Exchange fell Thursday as Greece made a scheduled payment to the International Monetary Fund.
The most active gold contract for June delivery fell 9.5 U.S. dollars, or 0.79 percent, to settle at 1,193.60 dollars per ounce.
After much speculation, gold was put under pressure as Greece has made an important payment of 460 million euros on its debt to the IMF, according to the Greek finance ministry. Analysts say investors had previously worried that Greece may not have had enough cash on hand to make the payment.
Gold was put under additional pressure as the U.S. central bank, the Federal Reserve, continued to hint at a possible rate increase, despite lackluster data. The minutes from the previous Fed meeting were released after the market closed Wednesday, and New York Fed President William Dudley and Fed Governor Jerome Powell released a statement indicating that there could be a possible rate increase sooner than investors expect.
