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Gold edges up amid increased U.S. consumer confidence

English.news.cn   2012-08-18 05:29:27            

CHICAGO, Aug. 17 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange inched up on Friday, as a report showing increased U.S. consumer confidence sent markets slightly higher.

The most active gold contract for December delivery edged up 0. 2 dollars, or 0.01 percent, to settle at 1,619.4 dollars per ounce.

Market analysts said that market forces were mixed in the day, as the session saw a higher dollar, but U.S. equities and supportive commodity crude oil made gains.

Supporting trading was a preliminary reading from the University of Michigan's consumer sentiment index, which rose to 73.6 in August from 72.3 in July.

The consumer sentiment report lifted markets across Wall Street, and gold also managed to edge up for the day.

Silver for September delivery fell 21 cents, or 0.74 percent, to close at 28.002 dollars per ounce. Platinum for October delivery added 37.9 dollars, or 2.7 percent, to close at 1,473.1 dollars per ounce.

Editor: Mu Xuequan
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