Off the wire
• Greek debt becomes biggest risk to global economy: George Osborne  • 1st LD Writethru: U.S. dollar falls on downbeat data  • U.S. manufacturing activities moderate in January  • U.S., partners continue airstrikes against IS in Syria, Iraq  • 1st LD Writethru: Crude prices extend rally amid signs of slowing production  • Obama proposes 534 bln USD defense budget for 2016  • large area of agricultural land in Albania in flood: report  • Nigeria says bird flu outbreak under control  • Albania launches anti-corruption portal  • Nigerian troops recapture 10 towns from insurgents  
You are here: 　 Home

1st LD Writethru: Gold down slightly on profit-taking

Xinhua, February 3, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as traders' profit-taking dominated the market after a strong month for gold in January.

The most active gold contract for April delivery fell 2.3 U.S. dollars, or 0.18 percent, to settle at 1,276.90 dollars per ounce.

After gold rose more than 8 percent in January, investors rushed to cash on profits on the first day of trading in February. This put pressure on the price of gold, causing it to fall on Monday.

However, a worse-than-expected report from the Institute for Supply Management may have given a boost to gold, as the report released on Monday said national factory activity index fell to 53. 5 from a revised 55.1 in December. The report also showed new orders falling to 52.9 in January, down from 57.8.

The CME Group initially posted the numbers showing gold unchanged at 1:00 p.m. CST (0700 GTM), but then updated them at 2 p.m. CST (0800 GMT).

Silver for March delivery increased 4.3 cents, or 0.25 percent, to close at 17.251 dollars per ounce. Platinum for April delivery lost 9.6 dollars, or 0.78 percent, to close at 1,228.60 dollars per ounce. Endite