CHICAGO, Oct. 27 (Xinhua) — Gold futures on the COMEX division of the New York Mercantile Exchange rose on Tuesday as consumer confidence fell.
The most active gold contract for December delivery rose 6.2 U.S. dollars, or 0.33 percent, to close at 1,911.9 dollars per ounce.
The Conference Board’s U.S. consumer confidence index slipped to 100.3 in October, as against September’s reading of 101.3.
Gold found additional support as the U.S. Dollar Index fell.
A report released by the U.S. Department of Commerce on Tuesday showed that durable goods orders increased by a better than expected 1.9 percent in September, up from a growth of 0.4 percent in August, capping gold growth somewhat.
Silver for December delivery rose 15 cents, or 0.61 percent, to close at 24.57 dollars per ounce. Platinum for January delivery rose 9.4 dollars, or 1.07 percent, to close at 886.8 dollars per ounce. Enditem
LINK ORIGINAL: Xinhuanet