
Gold futures on the COMEX division of the New York Mercantile Exchange remained close below 1,300 U.S. dollars on Tuesday as U.S. stocks advanced on upbeat housing data.
The most active gold contract for December delivery fell 2.6 dollars, or 0.2 percent, to settle at 1296.7 dollars per ounce.
Gold prices hovered around the 1,300 dollars on Tuesday, but settled below the key level as investors were busy pushing the Nasdaq Composite Index to an over 14-year high.
On the economic front, the U.S. Department of Commerce reported that U.S. housing starts jumped to a seasonally adjusted annual rate of 1.093 million units in July from 0.945 million units the prior month, the highest level of construction in seven months. The figures released Tuesday reverse a two-month decline in groundbreakings on new homes, much better than market expected.
Moreover, U.S. consumer price inflation in July, released by the U.S. Labor Department, was modest but it still appears to be creeping upward.
Silver for September delivery fell 22.3 cents, or 1.14 percent, to close at 19.412 dollars per ounce. Platinum for October delivery lost 6.7 dollars, or 0.46 percent, to close at 1,439.5 dollars per ounce.
GMT 12:01 2018 Tuesday ,23 January
Bahrain Bourse daily trading performanceGMT 19:16 2018 Monday ,22 January
TRA responds to hoax Dh5,000 VPN fine SMSGMT 13:09 2018 Sunday ,21 January
Bahrain Bourse daily trading performanceGMT 13:50 2018 Friday ,19 January
US SEC says bitcoin funds raise ‘investor protection issues’GMT 06:50 2018 Friday ,19 January
European stocks mostly advance on bright global outlookGMT 09:12 2018 Thursday ,18 January
European stock markets join global downtrendGMT 17:06 2018 Wednesday ,17 January
China temporarily waives taxes to get foreign firms to stayGMT 17:01 2018 Wednesday ,17 January
JPMorgan Chase earnings drop on weak trading, tax items

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor