Economic news

Gold firm, U.S. retail sales numbers in focus

On Tuesday gold rates were firm even as traders anticipated U.S. retail sales figures that could act as a signal of force of the world's biggest economy in the midst of growing anxiety over worldwide financial tightening. 

goldPhoto: Flickr

Spot gold gained 0.1 percent to $1,415.19 per ounce, at 0521 GMT. 

U.S. gold futures added 0.2 percent to $1,416.60 an ounce. 

Gold tapped $1,438.63 without precedent for six years a month ago, bolstered by anticipations for a rate of interest trim by main national banks and anxiety about the worldwide economy. 

Spot gold stays flat in a tight range of $1,404-$1,421 per ounce, and a break could propose a course. 

Silver plunged 0.2 percent to $15.35 per ounce and palladium lost 0.3 percent to $1,562.99. 

Platinum gained 0.2 percent to $841.21 an ounce, floating close to a two-month maximum of $846.53 peak in the past session.


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