Xinhua, Chicago :
Gold futures on the COMEX division of the New York Mercantile Exchange settled higher on Wednesday, as the precious metal was boosted by weaker greenback and investors’ safe haven buying.
The most active gold contract for December delivery was up 10.5 U.S. dollars, or 0.71 percent, to close at 1,494 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went down 0.34 percent to 97.95 as of 1730 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, silver for December delivery was up 4.3 cents, or 0.25 percent to close at 17.427 dollars per ounce. Platinum for January delivery was up 1.5 dollars, or 0.17 percent, to settle at 890.7 dollars per ounce.
Gold futures on the COMEX division of the New York Mercantile Exchange settled higher on Wednesday, as the precious metal was boosted by weaker greenback and investors’ safe haven buying.
The most active gold contract for December delivery was up 10.5 U.S. dollars, or 0.71 percent, to close at 1,494 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went down 0.34 percent to 97.95 as of 1730 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, silver for December delivery was up 4.3 cents, or 0.25 percent to close at 17.427 dollars per ounce. Platinum for January delivery was up 1.5 dollars, or 0.17 percent, to settle at 890.7 dollars per ounce.
