Minggu, 14 September 2014

Gold Price Down Five Consecutive Session

Gold Price Down Five Consecutive Session

Gold Price Down Five Consecutive Session

Gold futures on the COMEX division of the New York Mercantile Exchange closed lower on Friday, for the fifth consecutive session, as retail sales data boost confidence in the recovery of the United States merchant.

The most active gold contract for December delivery dropped 7.5 dollars, or 0.61 percent, to settle at 1231.5 dollars per ounce. Xinhua reported.

An index of consumer sentiment by the Consumer Survey Center University of Michigan rose to 84.6 in September, the highest level since July 2013.

The same report said the number of Americans who expects their income to rise at their highest level since November 2008.

This positive data adds to what has been a week for the decline in gold, so that this precious metal fell for a fifth day in a row. The total value of this week's decline to reach 2.82 percent.

Silver for December delivery rose 0.7 cents, or 0.04 percent, to close at 18.606 dollars per ounce. Platinum for October delivery dropped 0.2 dollars, or 0.01 percent, to close at 1370.5 dollars per ounce.