CHICAGO, Nov. 19 (Xinhua) – Gold futures for the New York Mercantile Exchange’s COMEX division fell on Thursday as the US dollar appreciated.
The most active gold contract for December delivery fell US $ 12.4, or 0.66%, to close at $ 1,861.5 an ounce.
Gold came under further pressure as a report released by the Philadelphia Federal Reserve showed the Philadelphia Manufacturing Activity Index fell 6 points to 26.3 in November, better than expected and reflecting l ‘improvement of conditions.
A weekly jobless claims report gave some support for gold, preventing it from continuing to fall. The US Department of Labor reported on Thursday that weekly jobless claims rose from 31,000 to 742,000 in the week ending Nov. 14, worse than expected.
Silver for December delivery fell 40 cents, or 1.64%, to close at $ 24.048 an ounce. Platinum for January delivery rose 0.6 dollars, or 0.06%, to close at 951.5 dollars an ounce.