Gold rises as U.S. Treasury yields fall

By Xu JingUnreguser
  • World
  • Thursday, 01 Jun 2023

CHICAGO, May 31 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as U.S. Treasury bond yields fell.

The most active gold contract for August delivery rose 5 U.S. dollars, or 0.25 percent, to close at 1,982.10 dollars per ounce.

Gold posted a monthly decline of 1.8 percent in May.

Economic data released on Wednesday are mixed. MNI Indicators reported that Chicago Business Barometer, also known as Chicago PMI, fell 8.2 index points to 40.4 in May, staying below the 50 threshold that indicates contraction territory for the ninth straight month. Economists forecast a 47.3 reading.

The U.S. Labor Department reported that U.S. employers posted 10.1 million job openings in April, up from 9.7 million in March and the most since January.

Silver for July delivery rose 34.80 cents, or 1.50 percent, to close at 23.587 dollars per ounce. Platinum for July delivery fell 22.90 dollars, or 2.24 percent, to close at 999 dollars per ounce.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In World

Ukrainian heavy artillery inflicts 'hell' on Russian lines near Bakhmut
Ex-Wagner commander arrested in Norway for attempting return to Russia
NASA's first asteroid sample on track for Sunday parachute landing in Utah
No 'sea of death': Pope calls for pan-European action on migration
Russia says Karabakh Armenian fighters start giving up arms
Nasa�technology can spot wine grape disease from the sky. The world’s food supply could benefit
As California fires worsen, can AI come to the rescue?
Raw meat-eating Liver King and other health influencers face mounting lawsuits
Scientists say they’ve used AI to decipher the language of chickens
US, South Korea, Japan raise concerns over Russia-North Korea military cooperation

Others Also Read