Monday, 25 October 2021 04:21 GMT

Gold decreases on more vigorous USD

(MENAFN) On Friday, Sep. 17 gold futures on the COMEX division of the New York Mercantile Exchange decreased as the USD advanced for the second consecutive day.

The most active gold contract for delivery of December plunged USD5.3, or 0.3 percent, to settle at USD1,751.4 an ounce.

Gold fell 2.3 percent for the week and settled at the lowest point since Aug. 10.

This month, the University of Michigan's consumer sentiment index surged to 71 from 70.3 the previous month, offering gold some backing.

Silver for delivery of December declined 45.7 cents, or 2 percent, to settle at USD22.337 an ounce. Platinum for delivery of October surged USD7.3, or 0.79 percent, to settle at USD930.6 an ounce.

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