Gold prices ended down on Wednesday but off an earlier two-week low as a stronger dollar and weaker crude oil triggered profit-taking after bullion's recent sharp rally boosted by stimulus by central banks around the world. Spot gold was down 0.5 percent at $1,751.50 an ounce by 3:51 pm EDT (1951 GMT), recovering from a two-week low reached earlier in the session at $1,737.50 an ounce.
US gold futures for December delivery settled down $12.80 at $1,753.60, with trading volume about 10 percent above its 250-day average. Silver rose 0.7 percent to $33.93 an ounce. Spot platinum was up 0.5 percent at $1,628.20 an ounce, while palladium was down 1.1 percent at $624 an ounce.
Comments
Comments are closed.