Gold falls as U.S. treasury yields rise


By Xu JingUnreguser

CHICAGO, Sept. 29 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday as U.S. treasury yields rose.

The most active gold contract for December delivery fell 1.4 U.S. dollars, or 0.08 percent, to close at 1,668.6 dollars per ounce.

Gold was under additional pressure as the U.S. Labor Department reported that U.S. initial jobless claims were 193,000 for the week ending Sept. 24, down 16,000 from a downwardly revised total of 209,000 claims for the prior week.

The U.S. real gross domestic product decreased at an annual rate of 0.6 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The decrease was in line with expectations.

Silver for December delivery fell 16.8 cents, or 0.89 percent, to close at 18.712 dollars per ounce. Platinum for January delivery fell 0.6 dollars, or 0.07 percent, to close at 860.2 dollars per ounce.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Venezuela opposition backs Gonzalez as presidential candidate
Restaurants are putting digital detox on the menu with smartphone-free dining
Ecuador president declares state of emergency over energy crisis
To stand out in the job market, get to grips with ChatGPT
U.S. stocks end mixed as fear index rises
Number of active drilling rigs in U.S. up this week
Huge blast at military base used by Iraqi Popular Mobilization Forces, army sources say
Three injured after chemical plant fire in U.S. Houston
North Korea conducts cruise missile warhead test on Friday, KCNA says
Feature: Sudanese fall back on primitive means to maintain livelihood amid war

Others Also Read