Gold prices eased mildly on Monday in early Asia with Greece talks in focus later in the day and U.S. markets shut.
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery eased 0.10% to $1,228.30 a troy ounce.
Elsewhere on the Comex, silver futures for March delivery fell 0.10% at $17.315 a troy ounce.
Meanwhile, copper for March delivery rose 0.12% at $2.606 a pound.
Last week, gold edged higher on Friday, as a broadly weaker U.S. dollar and ongoing uncertainty over developments in Greece boosted the appeal of the precious metal.
The drop in the dollar came after data on Friday showed that U.S. consumer sentiment unexpectedly deteriorated in February.
The preliminary reading of the University of Michigan’s consumer sentiment index fell to 93.6, down from January’s final reading of 98.1. Economists had forecast an unchanged figure.
The report came a day after data showing that U.S. retail sales unexpectedly fell 0.8% last month after dropping 0.9% in December, indicating that consumer spending remained sluggish at the start of the year.
Read more Click here / www.trade4x.net
On the Comex division of the New York Mercantile Exchange, gold futures for April delivery eased 0.10% to $1,228.30 a troy ounce.
Elsewhere on the Comex, silver futures for March delivery fell 0.10% at $17.315 a troy ounce.
Meanwhile, copper for March delivery rose 0.12% at $2.606 a pound.
Last week, gold edged higher on Friday, as a broadly weaker U.S. dollar and ongoing uncertainty over developments in Greece boosted the appeal of the precious metal.
The drop in the dollar came after data on Friday showed that U.S. consumer sentiment unexpectedly deteriorated in February.
The preliminary reading of the University of Michigan’s consumer sentiment index fell to 93.6, down from January’s final reading of 98.1. Economists had forecast an unchanged figure.
The report came a day after data showing that U.S. retail sales unexpectedly fell 0.8% last month after dropping 0.9% in December, indicating that consumer spending remained sluggish at the start of the year.
Read more Click here / www.trade4x.net
No comments:
Post a Comment