|
Gold falls after robust economic data
Gold prices fell on Friday, as the US dollar edged higher against most of its major counterparts, following the positive data.
Data showed that the US retail sales index rose 0.6% in June, beating forecasts of a drop by 0.4%.
The core retail sales index (excluding fuel and food prices) rose 1.3% in June, beating forecasts of 0.4%.
The markets are closely focused on the quarterly earnings results season, after several major banks announced their results this week, and the US tech companies will announce their results the next few days.
The dollar index rose against a basket of major currencies by less than 0.1% to 92.6 points as of 19:45 GMT, after hitting a high of 92.7 points and a low of 92.5 points.
Gold spot prices fell 0.9% to $1,812 an ounce as of 21:08 GMT, after hitting a day high of $1,832.7 and a low of $1,809.5.
Thanks for your feedback.
Silver drops over 2.5% on upbeat data
Silver prices fell on Friday, as the US dollar held steadily against most of its major counterparts, following the positive data.
MoreUS drilling rigs count rises this week - Baker Hughes
Baker Hughes Co. reveled that the number of the US oil rigs rose 2 to 380 rigs this week.
MoreUS crude trims gains, but remains above $72
Oil prices rose on Friday, as investors parse the Emirati-Saudi agreement about the OPEC-Plus production policy, while the US dollar rose against its counterparts.
More