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.
Powered by Capital Market - Live News
