New York gold futures closed lower on Friday (Feb 18) as investors took profits. After the price hit an eight-month close on Thursday.
The COMEX (Commodity Exchange) gold contract will be delivered in April. It was down $2.2, or 0.12%, at $1,899.8/ounce. But still up 3.1% this week.
Silver metal contract delivered in March It was up 11.7 cents, or 0.49%, at $23.992 an ounce.
The platinum contract will be delivered in April. It was down $15.9, or 1.46 percent, at $1,076.8 an ounce.
Palladium contract delivered in March It was down $21.20, or 0.9%, at $2,337.90 an ounce.
Investors sell gold contracts to make a profit. After the closing price jumped more than $30 on Thursday. Due to the tense situation in Ukraine And weak US economic data is driving the buying of gold as a safe haven.
Gold futures were also pressured by strong US economic data. The National Association of Realtors of the United States (NAR) said on Friday that Pre-owned home sales jumped 6.7 percent to 6.50 million units in January. compared monthly Contrary to analysts’ expectations, it may drop to 6.10 million units.
However, political tensions in Ukraine have helped keep gold prices from falling sharply.
