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Print Print edition: 2011-09-03

Gold mixed in US

Published Updated

Gold was mildly mixed by the close on Thursday, with many investors reluctant to take their positions in the precious metal too far in either direction a day ahead of key US employment figures. Spot gold was up slightly at $1,824.40 an ounce by 4:23 pm EDT (2023 GMT) having earlier slipped to $1,815.15.
Meanwhile, Benchmark COMEX December gold futures settled down $2.60 at $1,829.10 per ounce, after falling earlier as low as $1,815.50 an ounce. Investors were reluctant to place big bets ahead of the government's August employment report, expected to show a tepid 75,000 increase in payrolls. Silver prices edged up in late trade to $41.53 an ounce from $41.47 previously. Data released on Wednesday showed a rise in Mexican silver output in June of just over 300,000 kg. Elsewhere, spot platinum rose to $1,843.85 an ounce, while spot palladium rose to $779.35 from $778.50.

Copyright Reuters, 2011

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