Financial Safety
http://en.wikipedia.org/wiki/Gold_bar
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Gold
up on weak U.S. dollar, global equities
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English.news.cn
2014-12-31 05:39:32
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CHICAGO, Dec. 30
(Xinhua) -- Gold futures on the COMEX division of the New York Mercantile
Exchange rose on Tuesday as global stocks weakened in the wake of geopolitical
tensions and the U.S. dollar dipped on some profit-taking.
The most active gold
contract for February delivery gained 18.5 U.S. dollars, or 1.57 percent, to
settle at 1,200.40 dollars per ounce.
Gold futures almost
erased its 2014 losses as a political crisis in Greece dragged global major
stock market indexes down on Tuesday.
Additionally,
geopolitical tension increased between the United States and Russia as
Washington added additional Russian officials to a list of alleged human rights
violators. In response, Russian Foreign Ministry Alexander Lukashevich issued a
statement saying the move could harm bilateral relations between Russia and the
United States.
The U.S. Dollar Index
Spot, a measure of the U.S. dollar against a basket of major currencies, fell
for the first time in three sessions, adding additional lift to gold.
Traders are also waiting
for the release of the weekly jobless reports, scheduled to be released by the
U.S. Department of Labor on Wednesday morning instead of Thursday, as the
government and markets will be closed on Thursday for the New Year.
Silver for March
delivery added 49.7 cents, or 3.15 percent, to close at 16.276 dollars per
ounce. Platinum for April delivery rose 16.6 dollars, or 1.38 percent, to close
at 1,219.30 dollars per ounce.
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