Gold finishes lower as worries over China virus ebb

Thursday, 23 January 2020 02:03 WIB



Gold futures ended with a modest loss on Wednesday, lacking support as some equities markets in Asia and the U.S. climbed and while commodities traders weighed the potential economic impact of an outbreak of a serious virus in China.

Gold for February delivery on Comex lost $1.20, or 0.08%, to settle at $1,556.70 an ounce, while March silver added 2 cents, or 0.1%, to $17.828 an ounce following a 1.5% loss Tuesday.

In other metals trading, March palladium rose 4.6% to $2,335.60 an ounce, with futures prices for the metal up more than 20% so far this year and continuing to score record settlements.

Meanwhile, April platinum added 1.4% to $1,021.30 an ounce. March copper shed 1% to $2.765 a pound.

Source : MarketWatch


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