US Biz
2023/4/11
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CHICAGO, April 10 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as the U.S. dollar index rose.
The most active gold contract for June delivery fell 22.60 U.S. dollars, or 1.12 percent, to close at 2,003.80 dollars per ounce.
Following gold prices rising last week for the sixth week in a row, profit taking was the feature on Monday.
The U.S. Labor Department reported Friday that the United States added 236,000 jobs in March, the smallest monthly gain since a decline in December 2020. Cooling job market may prompt the Federal Reserve to keep hiking interest rates at its May meeting.
The U.S. Commerce Department reported Monday that U.S. wholesale inventories inched up 0.1 percent in February after falling 0.6 percent in January. Economist had expected inventories to rise 0.2 percent.
Investors are waiting for the consumer price index report due out Wednesday.
Silver for May delivery fell 18.10 cents, or 0.72 percent, to close at 24.912 dollars per ounce. Platinum for July delivery fell 13.90 dollars, or 1.37 percent, to close at 1,002.90 dollars per ounce.