Gold
futures fell to a six-week low approaching $1,200 an ounce on
speculation that Chinese demand will fall during the Lunar New Year
holiday. Silver tumbled, and platinum dropped to the cheapest in more
than five years.
Volume
in the Shanghai Gold Exchange™s benchmark spot contract dropped to the
lowest in a year. Markets in China, the world™s second-biggest buyer,
will be closed for five sessions starting Wednesday. Investors assessed
the risks from a breakdown in talks between Greece and its creditors as
U.S. equities traded close to a record high.
Gold
futures for April delivery fell 1.5 percent to settle at $1,208.60 at
1:54 p.m. on the Comex in New York. Earlier, the price touched
$1,203.30, the lowest for a most-active contract since Jan. 6. Floor
trading was closed on Monday for the U.S. Presidents™ Day holiday.
Source: Bloomberg
0 komentar :
Post a Comment