CHICAGO — Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday (7 Nov) as the US dollar strengthened, reported Xinhua.
The most active gold contract for December delivery fell US dollar 15.10, or 0.76 per cent, to close at US dollar 1,973.50 per ounce.
In an interview with Bloomberg on Tuesday, Minneapolis Federal Reserve President Neel Kashkari said that “there’s no discussion amongst me and any of my colleagues about when we’re going to start preparing to cut rates.”
The slowdown in job creation in October was welcome news because it brought the labor market into “a more balanced” and sustainable growth, said Chicago Fed President Austan Goolsbee in an interview with CNBC on Tuesday.
“The job market is getting into better balance,” Goolsbee said.
Silver for December delivery fell 64.50 cents, or 2.78 percent, to close at US dollar 22.589 per ounce.
Platinum for January delivery fell US dollar 19.60, or 2.14 per cent, to close at US dollar 898.00 per ounce. — Bernama-Xinhua