CHICAGO, Oct. 3 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as the U.S. dollar fell.
The most active gold contract for December delivery rose 30 U.S. dollars, or 1.79 percent, to close at 1,702 dollars per ounce.
Gold found additional support as the Institute for Supply Management reported Monday that its index of U.S. manufacturing activity decreased to 50.9 in September from 52.8 in August, the lowest level since May 2020, when the economy was brought to a standstill amid the first wave of the COVID-19 pandemic.
U.S. Commerce Department reported Monday that U.S. construction spending fell by 0.7 percent to an annual rate of 1.781 trillion dollars in August after sliding by 0.6 percent to a revised rate of 1.794 trillion dollars in July, further supporting gold.
The S&P Global U.S. Manufacturing PMI was revised higher to 52 in September 2022 from a preliminary of 51.8 and above 51.5 in August, capping gold's growth somewhat.
Silver for December delivery rose 1.55 dollars, or 8.14 percent, to close at 20.589 dollars per ounce. Platinum for January delivery rose 41 dollars, or 4.77 percent, to close at 900.1 dollars per ounce.
