BUSINESS Gold up on weaker US dollar


Gold up on weaker US dollar


08:25, May 11, 2021

CHICAGO, May 10 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as the U.S. dollar weakened.

The most active gold contract for June delivery rose 6.3 U.S. dollars, or 0.34 percent, to close at 1,837.6 dollars per ounce.

This was the highest most-active contract settlement since Feb. 10.

U.S. dollar index hit a 2.5-month low overnight.

Silver for July delivery rose 1.5 cents, or 0.05 percent, to close at 27.492 dollars per ounce. Platinum for July delivery rose 11 dollars, or 0.88 percent, to close at 1,265.5 dollars per ounce.

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