CHICAGO, Sept. 22 (Xinhua) — Gold futures on the COMEX division of the New York Mercantile Exchange rose on Thursday as stress between Russia and Ukraine escalates.
The most energetic gold contract for December supply rose 5.4 U.S. {dollars}, or 0.32 %, to shut at 1,681.1 {dollars} per ounce.
Nevertheless, the power within the U.S. dollar, boosted by the Federal Reserve’s 0.75-percentage level charge hike on Wednesday, capped gold’s development considerably.
The U.S. Labor Department reported Thursday that U.S. preliminary jobless claims rose 5,000 to a seasonally adjusted 213,000 for the week ending Sept. 17. The determine is decrease than the 218,000 functions forecast by economists.
Elsewhere, the Bank of England raised the rate of interest to 2.25 % on Thursday, the best degree since 2008; the Swiss National Bank raised its benchmark rate of interest by 75 foundation factors to 0.5 %, bringing an finish to an period of unfavourable charges in Europe.
Japan intervened to assist the yen for the primary time since 1998, after its central financial institution has caught with ultra-low rates of interest.
Silver for December supply rose 13.7 cents, or 0.7 %, to shut at 19.617 {dollars} per ounce. Platinum for October supply fell 10 {dollars}, or 1.09 %, to shut at 906 {dollars} per ounce.