CHICAGO, April 28 (Xinhua) — Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as buyers reacted to disappointing U.S. gross home product (GDP) report.
The most lively gold contract for June supply rose 2.6 U.S. {dollars}, or 0.14 %, to shut at 1,891.3 {dollars} per ounce.
U.S. Department of Commerce reported Thursday that U.S. GDP declined at an annual charge of 1.4 % within the first quarter of this 12 months, under analysts’ expectations of a one-percent achieve.
U.S. Labor Department reported that U.S. preliminary jobless claims fell by 5,000 to 180,000 within the week ending April 23. The decline was consistent with economists’ forecasts.
Nevertheless, the power in U.S. Dollar Index capped gold’s development considerably.
Silver for July supply fell 32.4 cents, or 1.38 %, to shut at 23.181 {dollars} per ounce. Platinum for July supply rose 0.7 greenback, or 0.08 %, to shut at 911.1 {dollars} per ounce.
