Gold rises on weaker U.S. dollar
Nov 23, 2022
Chicago [US], November 23: Gold futures on the COMEX division of the New York Mercantile Exchange rose slightly on Tuesday as the U.S. dollar weakened.
The most active gold contract for December delivery rose 0.3 U.S. dollars, or 0.02 percent, to close at 1,739.9 dollars per ounce.
Gold is basically steady ahead of U.S. Thanksgiving Day holiday on Thursday.
Gold has risen around 6 percent on short covering so far in November. Market analysts hold that speculative traders now carry net long positions in gold futures.
Silver for December delivery rose 17.7 cents, or 0.85 percent, to close at 21.049 dollars per ounce. Platinum for January delivery rose 7.8 dollars, or 0.79 percent, to close at 995.7 dollars per ounce.
Source: Xinhua
