Gold prices end lower; silver rallies to highest finish since February
Wednesday, 17 July 2019 02:11 WIB | PRECIOUS METALS |GOLDEMAS

Gold ended lower on Tuesday as a rise in U.S. retail sales contributed to a stronger U.S. dollar, pressuring prices for the precious metal.

The upbeat retail sales number, however, also lifted prices for silver, brightening the metal™s industrial demand prospects.

August gold trading on Comex fell $2.30, or 0.2%, to settle at $1,411.20 an ounce. On Monday, the yellow metal booked its highest most-active contract settlement since July 3, which saw a finish at $1,420.90”the highest since May 2013, FactSet data show.

September silver meanwhile, picked up 31.1 cents, or 2%, to $15.678 an ounce, the highest finish for a most-active contract since late February, FactSet data show.

Source: Marketwatch

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