PT Equityworld-Gold futures on the COMEX division of the New York Mercantile Exchange this morning opened marginally higher 0.01 points or 0.01% to US $ 1,221.80 per ounce tray.
Reinforcement continue until 8:16 pm to 6.50 points or 0.53% to US $ 1,228.20 per ounce tray.
Gold futures prices rose on the COMEX Division of the New York Mercantile Exchange. – Between
The movement of gold prices today range from US $ 1,219.80 to US $ 1,229.00 per ounce tray.
Gold prices rose after yesterday closed lower on Monday as the US dollar showed broad gains.
The most active gold contract for December delivery was down 2.6 points, or 0.21%, to settle at US $ 1,221.70 per ounce tray.
Read : Equityworld futures : Falling Gold Prices Depressed Strengthening of the US dollar and US Treasury Results
The US dollar unexpectedly rose sharply on Monday, reaching 11-month highs. Many investors believe that the US President-elect Donald Trump will have a positive impact on banking regulations and strengthening banking equities provide support for the dollar.
The US dollar index rose 0.86% to 100.07 at 18:40 GMT. Index is a measure of the US dollar against a basket of major currencies. Gold and the dollar usually move in opposite directions, which means that if the dollar rises, the gold futures will fall because gold is measured in dollars more expensive for investors.
US equity markets also rose, with the Dow Jones Industrial Average added 11 points, or 0.06 percent at 18:45 GMT.
Analysts noted that while equities posted a loss of the precious metal usually rises, as investors sought a safe haven, reverse while US equities posted gains, the precious metal is usually down.
According to the analyst noted that while very little news on Monday in addition to the strengthening of the US dollar, a large number of economic reports to be released this week.
The retail sales report will be announced on Tuesday, the producer price index and industrial production report released on Wednesday (16/11), the consumer price index, new home construction (housing starts), weekly jobless claims, Business Prospects Survey of Federal Reserve Bank of Philadelphia will be released on Thursday (17/11), and several Federal Reserve officials scheduled to speak on Friday (18/11)
Silver for December delivery fell 48.9 cents, or 2.81 percent, to close at 16.893 dollars per ounce. Platinum for January delivery dropped 9.6 dollars, or 1.02 percent, to close at 933.60 dollars per ounce.