US gold futures ended higher on Thursday, as US Treasury bond prices rose and the dollar fell against the yen. COMEX February gold futures rose $9.60 to settle at $1,392.80 an ounce on the COMEX division of the NYMEX. Ranged between $1,381.10 and $1,395.60.
COMEX gold volume was nearly 125,000 contracts, about 50 percent below its 30-day average, as some trading desks and funds already have closed their books ahead of the year end. Spot gold rose 0.2 percent to $1,384.75 an ounce at 3:47 pm EST (2047 GMT) COMEX March silver gained 2 percent, or 56.50 cents, to settle at $28.817 an ounce, tracking gold. Ranged from $28.200 to $29.045 an ounce. COMEX silver futures volume totalled about 70,000 lots, about 30 percent heavier than its 30-day average. Spot silver rose 0.6 percent to $28.49 an ounce.
NYMEX January platinum finished down $2.50 at $1,678.90 on weaker industrial demand. Spot platinum fell 0.3 percent to $1,675.24 an ounce. NYMEX March palladium closed up $12.65 or 1.7 percent at $741.60 an ounce after recent declines. Spot palladium rose 1.5 percent to $734.72.
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