CHICAGO, June 30 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday as investors weighed inflation data.
The most active gold contract for August delivery fell 10.2 U.S. dollars, or 0.56 percent, to close at 1,807.3 dollars per ounce.
U.S. Commerce Department reported Thursday that U.S. personal consumption expenditures (PCE) price index, a measure of inflation pressures, rose 0.6 percent in May month on month, and 6.3 percent year on year, both are better than market expectations.
Other economic data released Thursday supported gold. U.S. Labor Department reported that seasonally adjusted U.S. initial jobless claims in the week ending June 25 were 231,000, a decrease of 2,000 from the previous week's revised level.
The Institute for Supply Management's Chicago purchasing managers index (PMI) fell to 56 in June from 60.3 in May. The figure is also below market forecasts of 58, the lowest reading since August 2020.
Gold fell more than 2 percent in June. Floor trading of gold will be closed on Monday to mark the U.S. Independence Day holiday.
Silver for September delivery fell 38.6 cents, or 1.86 percent, to close at 20.352 dollars per ounce. Platinum for October delivery fell 14.6 dollars, or 1.6 percent, to close at 895.3 dollars per ounce.
