SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 28 Aug, 2015  

Gold.Thmb.jpg Gold down on upbeat US economic data

Gold.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 28 Aug, 2015
Gold futures went down on the COMEX division of the New York Mercantile Exchange Thursday on positive US economic data.

The most active gold contract for December delivery fell USD 2, or 0.18 percent, to settle at $1,122.60 per ounce, reported Xinhua.

Gold was put under pressure as a report released by the US Department of Commerce showed the US gross domestic product showing a revised annualized growth rate of 3.7 percent. Analysts noted strength in consumer demand, as personal consumption expenditures reached a 3.1 percent rate. This report was better than expected.

The precious metal was put under further pressure as a report released by the US Department of Labor showed unemployment claims falling by 6,000 to 271,000 last week. Analysts note that all readings in this report are low and that the US labor market is doing well.

Silver for September delivery rose 37.6 cents, or 2.68 percent, to close at USD 14.417 per ounce. Platinum for October delivery added USD 25.8, or 2.63 percent, to close at USD 1,006 per ounce.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter