Gold futures down, dollar strength

Hint: Gold futures fell slightly Friday, as stronger dollar; but the price of gold from the high point not far from seven-week, around the global economic recovery because of the uncertainty still haunt investors. New York Mercantile Exchange Comex most active December gold futures settled down 6.60 U.S. dollars, to 1,228.80 dollars an ounce, down 0.5%.


Gold futures fell slightly Friday, as stronger dollar; but the price of gold from not far from seven-week high, because focus on the uncertainty of global economic recovery still haunt investors.

New York Mercantile Exchange Comex most active December gold futures settled down 6.60 U.S. dollars, to 1,228.80 dollars an ounce, down 0.5%.

Barclays Capital analysts said the resurgence of macroeconomic uncertainty and economic recovery, the situation has once again aroused the attention of investors, so long-term demand for gold once again strengthened.

As economic uncertainty continues to exist, and next week the publication of a new round of economic data, market watchers believe that gold is expected in mid-June on the exploration of an ounce hit a record high 1,264.80 dollars. Important data, including next Tuesday's release of U.S. July existing home sales data as well as next Friday reported second-quarter U.S. gross domestic product (GDP) initial value.

Gold Friday a pressure from dollar strength. Dollar rose to a six-week high against the euro after European Central Bank (European Central Bank) officials said that loose monetary policy should be maintained into next year.

2:30 EDT, spot gold price of USD 1,227.20 an ounce, down 6.60 U.S. dollars.

December silver futures fell 34 cents, to 18.041 U.S. dollars an ounce.

October platinum futures fell 13.60 U.S. dollars, to 1513.90 U.S. dollars an ounce.

September palladium futures fell 9.45 U.S. dollars to 476.20 U.S. dollars an ounce.