Gold rises in correction


By Xu JingUnreguser

CHICAGO, Feb. 6 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday in correction.

The most active gold contract for April delivery rose 2.9 U.S. dollars, or 0.15 percent, to close at 1,879.5 dollars per ounce.

After sliding almost 5 percent from its highs last week, gold rebounded in correction.

Nevertheless, rising U.S. dollar index and U.S. Treasury yields capped gold's rise.

U.S. President Joe Biden will give his State of the Union speech Tuesday night.

Silver for March delivery fell 16.8 cents, or 0.75 percent, to close at 22.237 dollars per ounce. Platinum for April delivery fell 5.7 dollars, or 0.58 percent, to close at 974.6 dollars per ounce.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In World

U.S. carries out air strikes in Syria after American contractor killed
At least 13 dead in latest clash with police outside Rio de Janeiro
El Salvador president readies bill to eliminate taxes on tech
Congo President Tshisekedi brings in former VP Bemba in reshuffle ahead of election
Ukraine prepares counteroffensive as Russia's assault on Bakhmut flags
Australia's biggest state to vote in close-run election
Roundup: U.S. California continues to witness rare, violent weather
Over 1 mln protest against pension reform in France
U.S. Los Angeles area hit by strongest tornado since 1983
Xinhua Middle East news summary at 2200 GMT, March 23

Others Also Read