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    26.11.2015 16:21 Gold price trade little changed as U.S. markets are closed for a public holiday

    Gold price traded little changed as U.S. markets were closed for a public holiday.

    The gold price yesterday declined on a stronger U.S. dollar. The greenback rose on a positive U.S. economic data. The number of initial jobless claims in the week ending November 21 in the U.S. fell by 12,000 to 260,000 from 272,000 in the previous week, exceeding expectations for a decline to 270,000. The U.S. durable goods orders climbed 3.0% in October, exceeding expectations for a 1.5% rise, after a 0.8% drop in September. September's figure was revised up from a 1.2% fall. Personal spending rose 0.1% in October, missing expectations for a 0.3% gain, after a 0.1% increase in September.

     

    This U.S. data added to speculation that the Fed will start raising its interest rate next month.

     

    December futures for gold on the COMEX today traded in the range 1069.10 - 1074.20 dollars per ounce.


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