Gold futures on the COMEX division of the New York Mercantile Exchange closed at its highest level in three weeks on Tuesday (Wednesday morning GMT ) , as the U.S. dollar weakened against the Japanese yen .
The most active gold contract for February delivery rose 26.9 U.S. dollars , or 2.18 percent , to settle at 1261.1 dollars per ounce .
The gold market has begun to take into account the lack of real progress in the budget negotiations in the United States , which leaves the potential closure of other government activities , market analysts said .
Investors also speculated about whether the Federal Reserve will begin to pull back its bond purchases this month , when the Fed's monetary policy committee held their meeting next week .
Throughout this year ( so far ) , gold has lost about 25 percent and is expected to experience its first annual loss since 2000 .
Silver for March delivery rose 61.4 cents , or 3.12 percent , to close at 20.315 dollars per ounce . Platinum for January delivery rose 20.2 U.S. dollars , or 1.48 percent , to close at 1388.7 U.S. dollars per ounce , according to Xinhua .
No comments:
Post a Comment