
Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as U.S. equities gained strength after last week's deep losses.
The most active gold contract for December delivery fell 5.9 U. S. dollars, or 0.46 percent, to settle at 1,288.9 dollars per ounce.
Gold fell as the S&P 500 and Dow Jones Industrial Average both rebounded Monday after Portugal announced a 4.9-billion-euro (6.6 billion U.S. dollars) rescue plan for the country's second largest lender, Banco Espirito Santo, whose shares plummeted last week.
The upheaval surrounding the bank has some investors worried about renewed turmoil for Europe's banking system, which had caused a jump to gold as a safe haven last month.
However, some traders expect gold to be bearish and any price rallies are a cause for selling amid an improving economy.
Silver for September delivery lost 13.8 cents, or 0.68 percent, to close at 20.233 dollars per ounce. Platinum for October delivery gained 3.3 dollars, or 0.23 percent, to close at 1466.6 dollars per ounce.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor