Gold ends at another multimonth high, but U.S. stock market rally limits the metal's rise
Wednesday, 17 October 2018 01:26 WIB |
PRECIOUS METALS |GOLDEMAS
Gold futures edged up Tuesday to mark another finish at their highest since July, but a rally in the U.S. stock market limited the gains for the precious metal.
Against a backdrop of relatively stable trading for a leading dollar index, December gold rose 70 cents, or less than 0.1%, to settle at $1,231 an ounce. Prices had pulled back from a high of $1,235.90, but the settlement was still the highest since July 31, according to FactSet data.
Meanwhile, December silver futures moved down by 2.6 cents, or 0.2%, to $14.701 an ounce, easing back after posting a climb in each of the past three sessions.