Mixed finish for bullions

Gold ends higher but silver slips

Bullion prices ended mixed on Monday, 04 November 2013 at Comex. Gold prices settled higher on Monday on the back of a weaker U.S. dollar and after St. Louis Fed President James Bullard said the central bank wasn't in a rush to taper its bond purchases. Gold prices bounced off a two-week low to score their first gain in three sessions.

Gold for December delivery rose $1.50, or 0.1%, to settle at $1,314.70 an ounce on the Comex division of the New York Mercantile Exchange.

December silver fell 14 cents, or 0.6%, to $21.70 an ounce.

Due to the partial government shutdown, the Census Bureau released the factory orders reports for August and September at the same time today. Orders increased 1.7% in September after declining 0.1% in August. July factory orders were revised down from -2.4% to -2.8%. The consensus expected factory orders to increase 1.8% in September and 0.3% in August.

That followed data on the non-manufacturing purchasing managers' index for China, among the world's biggest gold buyers. The index showed a rise to 56.3 in October the highest reading in 14 months.

The dollar index, which weighs the strength of the dollar against a basket of six other currencies, fell by 0.2% on Monday. The indiex gained 2% last week.

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