Tue, 19 Oct 2021

Gold falls on stronger U.S. equities

16 Sep 2021, 04:49 GMT+10

CHICAGO, Sept. 15 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as U.S. equities strengthened.

The most active gold contract for December delivery fell 12.3 U.S. dollars, or 0.68 percent, to close at 1,794.8 dollars per ounce.

Economic data released on Wednesday were mixed. The New York Fed's Empire State business conditions index rose 16 points to 34.3 in September, better than expected.

The U.S. Department of Labor reported that U.S. import price index fell 0.3 percent in August.

The Federal Reserve reported that U.S. industrial production rose by a less-than-expected 0.4 percent in August, and the capacity utilization climbed to 76.4 percent, the highest rate since December 2019.

Silver for December delivery fell 8.4 cents, or 0.35 percent, to close at 23.801 dollars per ounce. Platinum for October delivery fell 8.2 dollars, or 0.87 percent, to close at 930.5 dollars per ounce.

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