Securities Times Network
Gold futures prices rose, as of closing, the New York Mercantile Exchange gold futures market trading was the most active December gold price 16, compared with the previous trading day rose $9.4 to settle at $1356.9 an ounce, or 0.7%, a two week maximum one-day gain. Other precious metals, silver futures for September delivery rose 2.7 cents to close at $19.874 an ounce, up 0.14%; platinum futures for October delivery rose $7.8 to close at $1124.1 an ounce, or 0.7%.
Market analysts believe that the day the dollar weakened, the New York stock market is also showing a downward trend, investors transfer funds to the gold market is the main reason for the rise in gold prices the same day.
(Securities Times Net News Center)