Xinhua, Chicago :
Gold futures on the COMEX division of the New York Mercantile Exchange closed at their highest level in more than two months Thursday, as a war of words between the United States and the Democratic People’s Republic of Korea (DPRK) underpinned haven investments.
The most active gold contract for December delivery rose 10.8 U.S. dollars, or 0.84 percent, to settle at 1,290.10 dollars per ounce.
Gold added to early gains, and the dollar pulled back, following the release of U.S. data showing a cooler reading for inflation at the wholesale level.
Prices actually retreated in July for the first time in almost a year. The data could slow Federal Reserve interest-rate hikes, presumably hurting the dollar while buoying gold.
As for other precious metals, silver for September delivery added 20.2 cents,
or 1.2 percent, to close at 17.065 dollars per ounce. Platinum for October went
up 9.8 dollars, or 1.00 percent, to settle at 985.9 dollars per ounce.
Gold futures on the COMEX division of the New York Mercantile Exchange closed at their highest level in more than two months Thursday, as a war of words between the United States and the Democratic People’s Republic of Korea (DPRK) underpinned haven investments.
The most active gold contract for December delivery rose 10.8 U.S. dollars, or 0.84 percent, to settle at 1,290.10 dollars per ounce.
Gold added to early gains, and the dollar pulled back, following the release of U.S. data showing a cooler reading for inflation at the wholesale level.
Prices actually retreated in July for the first time in almost a year. The data could slow Federal Reserve interest-rate hikes, presumably hurting the dollar while buoying gold.
As for other precious metals, silver for September delivery added 20.2 cents,
or 1.2 percent, to close at 17.065 dollars per ounce. Platinum for October went
up 9.8 dollars, or 1.00 percent, to settle at 985.9 dollars per ounce.
